Expectations and the Forward Exchange Rate
收藏NBER1980-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w0439
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资源简介：
This paper provides an empirical examination of the hypothesis that the forward exchange rate provides an "optimal" forecast of the future spot ex-change rate, for five currencies relative to the dollar. This hypothesis provides a convenient norm for examining the erratic behavior of exchange rates;
提供机构：
美国国家经济研究局创建时间：
1980-01-01
