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Risk-free profits with forward contracts in exchange rates and interest rates

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  • Ghosh, Dilip K.

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  • Ghosh, Dilip K., 1997. "Risk-free profits with forward contracts in exchange rates and interest rates," Journal of Multinational Financial Management, Elsevier, vol. 7(3), pages 253-264, October.
    • Handle: RePEc:eee:mulfin:v:7:y:1997:i:3:p:253-264
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    References listed on IDEAS

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    1. S. C. Tsiang, 1959. "The Theory of Forward Exchange and Effects of Government Intervention on the Forward Exchange Market," IMF Staff Papers, Palgrave Macmillan, vol. 7(1), pages 75-106, April.
    2. Rhee, S Ghon & Chang, Rosita P, 1992. "Intra-day Arbitrage Opportunities in Foreign Exchange and Eurocurrency Markets," Journal of Finance, American Finance Association, vol. 47(1), pages 363-379, March.
    3. Anonymous, 1959. "International Monetary Fund," International Organization, Cambridge University Press, vol. 13(4), pages 646-648, October.
    4. Woodward, R S, 1988. "Some New Evidence on the Profitability of One-Way versus Round-Trip Arbitrage," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(4), pages 645-652, November.
    5. Deardorff, Alan V, 1979. "One-Way Arbitrage and Its Implications for the Foreign Exchange Markets," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 351-364, April.
    6. Anonymous, 1959. "International Monetary Fund," International Organization, Cambridge University Press, vol. 13(3), pages 470-471, July.
    7. Frenkel, Jacob A & Levich, Richard M, 1977. "Transaction Costs and Interest Arbitrage: Tranquil versus Turbulent Periods," Journal of Political Economy, University of Chicago Press, vol. 85(6), pages 1209-1226, December.
    8. Aliber, Robert Z, 1973. "The Interest Rate Parity Theorem: A Reinterpretation," Journal of Political Economy, University of Chicago Press, vol. 81(6), pages 1451-1459, Nov.-Dec..
    9. Frenkel, Jacob A & Levich, Richard M, 1975. "Covered Interest Arbitrage: Unexploited Profits?," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 325-338, April.
    10. Anonymous, 1959. "International Monetary Fund," International Organization, Cambridge University Press, vol. 13(2), pages 316-320, April.
    11. Ghosh, Dilip K, 1997. "Profit Multiplier in Covered Currency Trading with Leverage," The Financial Review, Eastern Finance Association, vol. 32(2), pages 391-409, May.
    12. Blenman, Lloyd P & Thatcher, Janet S, 1997. "Arbitrageur Heterogeneity, Investor Horizon and Arbitrage Opportunities: An Empirical Investigation," The Financial Review, Eastern Finance Association, vol. 32(2), pages 225-247, May.
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    Cited by:

    1. D. K. Ghosh, 1997. "Arbitrage with hedging by forward contracts: exploited and exploitable profits," The European Journal of Finance, Taylor & Francis Journals, vol. 3(4), pages 349-361.

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