Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence
| ISSN: |
0164-0704
|
|---|---|
| Source: |
Elsevier Journal Backfiles on ScienceDirect 1907 - 2002
|
| Topics: |
Economics
|
| Type of Medium: |
Electronic Resource
|
| URL: |
| _version_ | 1798291578451656704 |
|---|---|
| autor | Callier, P. |
| autorsonst | Callier, P. |
| book_url | http://dx.doi.org/10.1016/0164-0704(81)90020-3 |
| datenlieferant | nat_lic_papers |
| fussnote | This note presents updated estimates of the reduced forms of the ''Modern Theory of the Forward Foreign Exchange Rate'' and of the ''Interest Parity Theory'' for Canada for the period 1962-1977. The evidence does not support the Modern Theory's hypothesis of a significant effect of speculation on the forward rate, and supports the hypothesis of effective interest arbitrage only for the most recent period 1976-1977. |
| hauptsatz | hsatz_simple |
| identnr | NLZ184726255 |
| issn | 0164-0704 |
| journal_name | Journal of Macroeconomics |
| materialart | 1 |
| package_name | Elsevier |
| publikationsort | Amsterdam |
| publisher | Elsevier |
| reference | 3 (1981), S. 293-299 |
| search_space | articles |
| shingle_author_1 | Callier, P. |
| shingle_author_2 | Callier, P. |
| shingle_author_3 | Callier, P. |
| shingle_author_4 | Callier, P. |
| shingle_catch_all_1 | Callier, P. Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence 0164-0704 01640704 Elsevier |
| shingle_catch_all_2 | Callier, P. Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence 0164-0704 01640704 Elsevier |
| shingle_catch_all_3 | Callier, P. Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence 0164-0704 01640704 Elsevier |
| shingle_catch_all_4 | Callier, P. Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence 0164-0704 01640704 Elsevier |
| shingle_title_1 | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence |
| shingle_title_2 | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence |
| shingle_title_3 | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence |
| shingle_title_4 | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence |
| sigel_instance_filter | dkfz geomar wilbert ipn albert fhp |
| source_archive | Elsevier Journal Backfiles on ScienceDirect 1907 - 2002 |
| timestamp | 2024-05-06T08:34:50.172Z |
| titel | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence |
| titel_suche | Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence This note presents updated estimates of the reduced forms of the ''Modern Theory of the Forward Foreign Exchange Rate'' and of the ''Interest Parity Theory'' for Canada for the period 1962-1977. The evidence does not support the Modern Theory's hypothesis of a significant effect of speculation on the forward rate, and supports the hypothesis of effective interest arbitrage only for the most recent period 1976-1977. |
| topic | Q |
| uid | nat_lic_papers_NLZ184726255 |