Speculation, interest arbitrage, and the forward foreign exchange rate of the Canadian dollar: Updated evidence

Callier, Philippe

doi:10.1016/0164-0704(81)90020-3

Cited by 6 publications

(1 citation statement)

References 9 publications

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“…1 Many empirical tests have been conducted in forward markets on the question whether the forward rates are good predictors of the future rate and whether the financial markets are efficient. Although there are some findings that forward rates can serve as predictors for future rates (e.g., Cornell (1977) and Callier (1981)), there are also indications that forward rates are affected by speculation (e.g., Kesselman (1971)). A survey of that literature is given by Levich (1979).…”

Section: Review Of Literature: International Aspects 101mentioning

confidence: 99%

Taxation, Inflation, and Interest Rates. Edited by Vito Tanzi. (Washington, D.C.: International Monetary Fund, 1984. Pp. xxiv + 247. $20.00, cloth; $15.00, paper.)

Tanzi¹

1985

Am Polit Sci Rev

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having contributed to it in addition to Vito Tanzi and Ved P. Gandhi. Furthermore, it has benefited from useful comments received from colleagues in other departments of the Fund. Of these contributors, Sheetal K. Chand, George F. Kopits, George von Furstenberg, Deena R. Khatkhate, and Vicente Galbis deserve special mention.The manuscript has been put into publishable form and guided through all stages of production by Ella H. Wright, with assistance from Paul E. Gleason. The Graphics Section of the Fund made a substantial contribution in the design and production of the volume.Special thanks are due to Sonia A. Piccinini and the secretaries of the Fiscal Affairs Department for numerous tasks cheerfully undertaken in connection with a succession of drafts which must have seemed interminable.vi

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Section: Review Of Literature: International Aspects 101mentioning

confidence: 99%