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 Pakistan and the efficiency of its foreign exchange market. We use monthly data from the State Bank of Pakistan and KIBOR rates for the period July 2006 to December 2013. Our...