What Determines the Forward Exchange Rate of the Euro?

This study examines the determinants of the forward exchange rate of the euro in the context of the “modern approach” for five currency combinations. The co-integration analysis suggests that speculation has played a minor role and arbitrage played a major role in determining the forward exchange rate of the euro.

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Year of publication:	2008-02
Authors:	Karfakis, Costas
Subject:	Euro \| Forward Exchange Rate \| Arbitrage \| Speculation \| Co-integration

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Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Classification:	F31 - Foreign Exchange ; F37 - International Finance Forecasting and Simulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005481541