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Zentrum für Europäische Integrationsforschung (ZEI), Universität Bonn >
ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/39639
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| Title: | | Is there asymmetry in forward exchange rate bias? Multi-country evidence  |
| 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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