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OverviewOriginally published in 1984. This book examines two important dimensions of efficiency in the foreign exchange market using econometric techniques. It responds to the macroeconomics trend to re-examining the theories of exchange rate determination following the erratic behaviour of exchange rates in the late 1970s. In particular the text looks at the relation between spot and forward exchange rates and the term structure of the forward premium, both of which require a joint test of market efficiency and the equilibrium model. Approaches used are the regression of spot rates on lagged forward rates and an explicit time series analysis of the spot and forward rates, using data from Canada, the United Kingdom, the Netherlands, Switzerland and Germany. Full Product DetailsAuthor: Craig HakkioPublisher: Taylor & Francis Ltd Imprint: Routledge Volume: 7 Weight: 0.453kg ISBN: 9781138633223ISBN 10: 1138633224 Pages: 116 Publication Date: 13 April 2017 Audience: College/higher education , Tertiary & Higher Education Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationCraig Hakkio Tab Content 6Author Website:Countries AvailableAll regions |
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