Article contents
Random Walk and Forward Exchange Rates: A Spectral Analysis
Published online by Cambridge University Press: 19 October 2009
Extract
This paper examines the random-walk hypothesis in the forward exchange market by applying spectral analysis to the three-month forward rates for dollars against sterling in the period 1961–1967.
- Type
- Research Article
- Information
- Journal of Financial and Quantitative Analysis , Volume 7 , Issue 4 , September 1972 , pp. 1897 - 1905
- Copyright
- Copyright © School of Business Administration, University of Washington 1972
References
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