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 Institution, 1978 - Business & Economics - 54 pages |
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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 Economic 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 fluctuations 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 International Journal Kohlhagen 1977b market efficiency 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 subsequent spot rate techniques tests theoretical tion transaction costs unstable volatility
Bibliographic information
| Title | The behavior of foreign exchange markets: a critical survey of the empirical literature Issue 3 of Monograph series in finance and economics |
| Author | Steven W. Kohlhagen |
| Publisher | New York University, Graduate School of Business Administration, Salomon Brothers Center for the Study of Financial Institution, 1978 |
| Original from | the University of Michigan |
| Digitized | 8 Nov 2010 |
| Length | 54 pages |
| Subjects | › Business & Economics / Foreign Exchange Foreign Exchange Foreign exchange Foreign exchange market |
| Export Citation | BiBTeX EndNote RefMan |