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http://hdl.handle.net/10419/39639
  
Title:Is there asymmetry in forward exchange rate bias? Multi-country evidence PDF Logo
Authors:Zhou, Su
Kutan, Ali M.
Issue Date:2002
Series/Report no.:ZEI working paper B 06-2002
Abstract:This study illustrates that the empirical rejection of the forward rate unbiasedness hypothesis is not sensitive to whether the forward U.S. dollar is quoted at a premium or a discount. It is argued that the reported finding of so-called asymmetry in forward exchange rate bias in earlier work is simply due to the inclusion of a sample period during which a forward rate anomaly exists.
Subjects:Asymmetry in forward exchange rate bias
Forward rate anomaly
JEL:F31
G15
Document Type:Working Paper
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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