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The Efficiency Of The Exchange Market And The Biasness Of The Forward Rate: A Joint Test

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  • Richard Bookstaber

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  • Richard Bookstaber, 1980. "The Efficiency Of The Exchange Market And The Biasness Of The Forward Rate: A Joint Test," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 3(1), pages 11-21, March.
    • Handle: RePEc:bla:jfnres:v:3:y:1980:i:1:p:11-21
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1980.tb00033.x
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    References listed on IDEAS

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    1. John Lintner, 1965. "Security Prices, Risk, And Maximal Gains From Diversification," Journal of Finance, American Finance Association, vol. 20(4), pages 587-615, December.
    2. Roll, Richard & Solnik, Bruno, 1977. "A pure foreign exchange asset pricing model," Journal of International Economics, Elsevier, vol. 7(2), pages 161-179, May.
    3. Grauer, Frederick L. A. & Litzenberger, Robert H. & Stehle, Richard E., 1976. "Sharing rules and equilibrium in an international capital market under uncertainty," Journal of Financial Economics, Elsevier, vol. 3(3), pages 233-256, June.
    4. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
    5. Cornell, Bradford, 1977. "Spot rates, forward rates and exchange market efficiency," Journal of Financial Economics, Elsevier, vol. 5(1), pages 55-65, August.
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