Is there asymmetry in forward exchange rate bias? Multi-country evidence

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.

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Year of publication:	2002
Authors:	Zhou, Su ; Kutan, Ali M.
Institutions:	Zentrum für Europäische Integrationsforschung (ZEI), Rheinische Friedrich-Wilhelms-Universität Bonn
Subject:	Asymmetry in forward exchange rate bias \| Forward rate anomaly

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Extent:	application/pdf
Series:	ZEI Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number B 06-2002
Classification:	F31 - Foreign Exchange ; G15 - International Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008614810