Verschoor, Willem; Wolff, Christian - In: Applied Economics Letters 9 (2002) 2, pp. 111-116
This paper extends the analyses of Frankel and Froot (1987b), Cavaglia et al. (1993a), and others, to a new data set of exchange rate expectations on Scandinavian exchange rates. It corroborates the earlier finding that exchange rate forecasts are not rational, and that agents do not use all...