Now showing items 1-1 of 1

    • The Forward Market in Emerging Currencies: Less Biased than in Major Currencies 

      Frankel, Jeffrey A.; Poonawala, Jumana (John F. Kennedy School of Government, Harvard University, 2009)
      Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate. Usually the forward discount actually points in the wrong direction. But, at least until ...