Search Results - subject:"Forward Exchange Rate"

The Efficiency of Foreign Exchange Markets in Pakistan: An Empirical Analysis

Bashir, Rizwana; Shakir, Rabia; Ashfaq, Badar; Hassan, Atif - In: Lahore Journal of Economics 19 (2014) 1, pp. 133-149

This study investigates the empirical relationship between spot and forward exchange rate efficiency with reference to … for the period July 2006 to December 2013. Our results indicate that the forward exchange rate does not fully reflect all …

Persistent link: https://www.econbiz.de/10010782106

The Spot Forward Exchange Rate Relation in Indian Foreign Exchange Market - An Analysis

Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2013

Forward exchange rate bias explanation generally falls into two categories – assumption of rational expectation …

Persistent link: https://www.econbiz.de/10011111648

The Forward Exchange Rate Unbiasedness Hypothesis: A Single Break Unit Root and CointegrationAnalysis

Mazur, Michael; Ramirez, Miguel - Department of Economics, Trinity College - 2013

opportunities across international markets. This study tests the forward exchange rate unbiasedness hypothesis using more powerful …

Persistent link: https://www.econbiz.de/10010902276

People's Republic of China-Hong Kong Special Administrative Region; 2012 Article IV Consultation Discussions

International Monetary Fund (IMF); International … - 2013

The Hong Kong Special Administrative Region (SAR)'s healthy labor market and supportive fiscal policy helped its domestic economy's resilience, while its gross domestic product (GDP) growth was marginally slow owing to its weak external environment. Its fiscal policy has been effective in...

Persistent link: https://www.econbiz.de/10011244791

A New Test for Rational Speculative Bubbles using Forward Exchange Rates: The Case of the Interwar German Hyperinflation

Pavlidis, Efthymios; Paya, Ivan; Peel, David - Department of Economics, Management School - 2012

The probabilistic structure of periodically collapsing bubbles implies different values for the slope coefficient of alternative efficient market hypothesis tests depending on whether the bubble is in an explosive regime or not. We exploit this fact and propose a new method for bubble...

Persistent link: https://www.econbiz.de/10011165348

Trade flows versus capital flows : are China's trade surpluses overestimated?

Fall, Moussa K. - In: International economic journal 31 (2017) 3, pp. 448-461

Persistent link: https://www.econbiz.de/10011800611

The profitability of technical analysis in the Taiwan-U.S. forward foreign exchange market

Dai, Yun-Shan; Lee, Wei-Ming - In: Economics Bulletin 31 (2011) 2, pp. 1606-1612

Based on technical analysis and White's and Hansen's data-snooping-robust tests, we examine the efficiency of the Taiwan-U.S. forward foreign exchange market and find that, unlike the spot market, the forward market is inefficient even under a very high transaction cost, suggesting that the...

Persistent link: https://www.econbiz.de/10009643981

People's Republic of China-Hong Kong Special Administrative Region; 2011 Article IV Consultation Discussions

International Monetary Fund (IMF); International … - 2011

The Executive Board of the IMF has concluded the consultation discussions with the Hong Kong Special Administrative Region (SAR). Hong Kong SAR has rebounded from the global financial crisis, and growth should be at 5Â¾ percent this year. Unemployment has fallen to low levels, and real incomes...

Persistent link: https://www.econbiz.de/10011245804

The relationship between the forward– and the realized spot exchange rate in South Africa / Petrus Marthinus Stephanus van Heerden

Van Heerden, Petrus Marthinus Stephanus - 2010

The inability to effectively hedge against unfavourable exchange rate movements, using thecurrent forward exchange rate … exchange rate quoted in the market to makedecisions regarding future exchange rate changes. However, the current forward … as the only guideline, is a key inhibiting factor of internationaltrade. Market participants use the current forward …

Persistent link: https://www.econbiz.de/10009455974

FX Swaps; Implications for Financial and Economic Stability

Ong, Li L.; Barkbu, Bergljot - International Monetary Fund (IMF) - 2010

The proliferation of foreign exchange (FX) swaps as a source of funding and as a hedging tool has focused attention on the role of the FX swap market in the recent crisis. The turbulence in international money markets spilled over into the FX swap market in the second-half of 2007 and into 2008,...

Persistent link: https://www.econbiz.de/10008519490