학술논문
IS THE FORWARD RATE FOR THE GREEK DRACHMA UNBIASED? A VECM ANALYSIS WITH BOTH OVERLAPPING AND NON-OVERLAPPING DATA.
Document Type
Article
Source
Subject
*Foreign exchange rates
*Cointegration
Drachma
*
Language
ISSN
0970-4205
Abstract
Investigates whether the forward rate for the Greek drachma-U.S. dollar exchange rate is an unbiased predictor of the future spot rate using cointegration techniques. Relation between cointegration and error correction models; Tests of restrictions on the elements of the cointegrating vector.