Browsing by Subject "Forward exchange"
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Efficiency in the forward exchange market - an application of co-integration - a comment
(Economic & Social StudiesDublin, 1989)In a recent edition of the Review, Lucey (1988) finds evidence of forward exchange market inefficiency using the co-integration technique. His results relate to sterling and the dollar and are based on daily spot and one ... -
Efficiency in the forward exchange market - an application of co-integration - reply
(Economic & Social StudiesDublin, 1989)In this issue of the Economic and Social Review, Leddin comments on my recent (1988) paper which examined co-integration as a technique for analysing the efficiency of the forward exchange market. This paper addresses a ...