Is the Forward Rate for the Greek Drachma Unbiased? A VECM Analysis with both Overlapping and Non-Overlapping Data

N. Zacharatos and Charles Sutcliffe

Working Papers from University of Southampton - Department of Accounting and Management Science

Abstract: This paper uses cointegration techniques to test the hypothesis that the forward rate for the Greek drachma-US dollar exchange rate is an unbiased predictor of the future spot rate.

Keywords: EXCHANGE RATE; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: C50 F31 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1999
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:sotoam:99-151

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