02427oam 2200493I 450 991095837840332120251117093453.01-315-20778-81-351-80168-61-351-80169-410.4324/9781315207780 (CKB)3710000001177999(MiAaPQ)EBC4845505(OCoLC)985312172(BIP)57467685(BIP)64992515(EXLCZ)99371000000117799920180706e20171984 uy 0engurcnu||||||||rdacontentrdamediardacarrierExpectations and the foreign exchange market /Craig S. HakkioAbingdon, Oxon :Routledge,2017.1 online resource (102 pages) illustrations, tablesRoutledge Library Editions: Exchange Rate Economics ;Volume 7First published in 1984 by Garland Publishing, Inc.1-138-63323-2 1-138-63322-4 Includes bibliographical references.ch. 1. Introduction -- ch. 2. Foreign exchange market efficiency -- ch. 3. The term structure of the forward premium -- ch. 4. Conclusions.Originally published in 1984. This book examines two important dimensions of efficiency in the foreign exchange market using econometric techniques. It responds to the macroeconomics trend to re-examining the theories of exchange rate determination following the erratic behaviour of exchange rates in the late 1970s. In particular the text looks at the relation between spot and forward exchange rates and the term structure of the forward premium, both of which require a joint test of market efficiency and the equilibrium model. Approaches used are the regression of spot rates on lagged forward rates and an explicit time series analysis of the spot and forward rates, using data from Canada, the United Kingdom, the Netherlands, Switzerland and Germany.Foreign exchange marketMathematical modelsForeign exchange marketMathematical models.332.4/566Hakkio Craig S(Craig Stephan),1952-,1866136MiAaPQMiAaPQMiAaPQBOOK9910958378403321Expectations and the foreign exchange market4473436UNINA