The Spot and Forward Exchange Rates: Some Empirical Evidence of Singapore
This paper studies the foreign exchange market of Singapore. It examines the hypotheses that the spot exchange rate follows a random walk and that the expected value of the future spot rate is the current forward rate. Using various powerful tests that have been developed recently in the econometric...
Saved in:
| Main Author: | |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1986
|
| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/24 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |