The Behavior of Foreign Exchange Markets: A Critical Survey of the Empirical LiteratureNew York University, Graduate School of Business Administration, Salomon Brothers Center for the Study of Financial Institutions, 1978 - Foreign exchange - 54 pages |
From inside the book
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Page 48
... Economics , June , pp . 233–256 . Grubel , Herbert G. , 1963 , " A Multicountry Model of Forward Exchange : Theory , Policy and Empirical Evidence 1955–1961 , " Yale Economic Essays , Spring , pp . 104–169 . 1965 , " Profits From ...
... Economics , June , pp . 233–256 . Grubel , Herbert G. , 1963 , " A Multicountry Model of Forward Exchange : Theory , Policy and Empirical Evidence 1955–1961 , " Yale Economic Essays , Spring , pp . 104–169 . 1965 , " Profits From ...
Page 51
... Economic Disturbances , " paper presented at a Conference on Monetary Mechanisms in Open Economies , Helsinki , August 4–9 , 1975 . 1975b , " A Pure Foreign Exchange Asset Pricing Model , ” European Institute for Advanced Studies in ...
... Economic Disturbances , " paper presented at a Conference on Monetary Mechanisms in Open Economies , Helsinki , August 4–9 , 1975 . 1975b , " A Pure Foreign Exchange Asset Pricing Model , ” European Institute for Advanced Studies in ...
Page 52
... Economics and Statistics , XLI , No. 3 , pp . 295–301 . Thomas , Lloyd B. , 1973a , " Behavior of Flexible Exchange Rates : Additional Tests From the Post - World War I Episode , " Southern Economic Journal , October , pp . 167–182 ...
... Economics and Statistics , XLI , No. 3 , pp . 295–301 . Thomas , Lloyd B. , 1973a , " Behavior of Flexible Exchange Rates : Additional Tests From the Post - World War I Episode , " Southern Economic Journal , October , pp . 167–182 ...
Common terms and phrases
Aliber Artus assets Bank biased Canadian dollar Canterbery coefficients concludes covered interest arbitrage covered interest differential covered margin indicator destabilizing speculation Deutschemark deviations from interest deviations from PPP distributed lag dummy variables econometric efficient markets efficient markets hypothesis empirical endogenous equilibrium estimates evidence of destabilizing exchange rate changes exchange rate expectations exogenous expectations function expected future spot explained explanatory variables finds Fisherian Flexible Exchange Rates flexible rate floating exchange rates foreign exchange markets forward exchange rate forward market forward premium forward rate French franc Frenkel and Levich future spot rate Grubel hedging identify imply interest arbitrage interest parity Journal Kohlhagen 1977b market efficiency mimeo monetary policy official demand official intervention paper Pippenger price changes profits proxy random walk hypothesis regression relative prices significant simultaneity bias specification speculative period spot and forward stabilizing Stein studies subsequent spot rate techniques tests theoretical Theory tion transaction costs unstable volatility