Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39639
Authors: 
Zhou, Su
Kutan, Ali M.
Year of Publication: 
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

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