Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10003639612
Persistent link: https://www.econbiz.de/10003971367
Persistent link: https://www.econbiz.de/10003991826
Persistent link: https://www.econbiz.de/10002494582
Persistent link: https://www.econbiz.de/10002961971
Persistent link: https://www.econbiz.de/10002733163
Persistent link: https://www.econbiz.de/10002030002
Persistent link: https://www.econbiz.de/10001754209
The sign of the correlation between equity returns and exchange rate returns can be positive or negative in theory. Using data for a broad set of 42 countries, we find that exchange rate movements are in fact unrelated to differentials in country-level equity returns. Consequently, a trading...
Persistent link: https://www.econbiz.de/10013018802
A large literature suggests that standard exchange rate models cannot outperform a random walk forecast and that the forward rate is not an optimal predictor of the spot rate. However, there is evidence that the term structure of forward premia contains valuable information for forecasting...
Persistent link: https://www.econbiz.de/10013220936