Open Economies Review

, Volume 3, Issue 2, pp 215–232 | Cite as

Forward exchange rates as unbiased predictors of future spot rates a review and re-interpretation

  • HeeJoon Kang
Review Essay

Key words

depreciation forward premium cointegration interest rate differential inflation rate differential nonstationarity 

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References

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Copyright information

© Kluwer Academic Publishers 1992

Authors and Affiliations

  • HeeJoon Kang
    • 1
  1. 1.Indiana UniversityBloomingtonUSA

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