The "Speculative Efficiency" Hypothesis
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下载链接：
https://www.nber.org/papers/w0474
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资源简介：
The hypothesis that forward prices are the best unbiased forecast of future spot prices is often presented in the economic and financial analysis of futures markets. This paper considers the hypothesis independently of its implications for rational expectations or market efficiency and in order to
提供机构：
美国国家经济研究局
创建时间：
1980-04-01
