Al-Zoubi, Haitham A.; Al-Zoubi, Dana A.; Maghyereh, … - In: Applied Financial Economics Letters 2 (2006) 4, pp. 223-227
The nonparametric cointegration method of Breitung (2002) is applied to test for the forward rate unbiasedness hypothesis (FRUH) using monthly data of the US dollar vis-à-vis two major currencies viz. the British pound and the Canadian dollar over the period spanned from 1973 to 2002. The...