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Some forecasters believe that foreign exchange markets for the major floating currencies are "effici

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Some forecasters believe that foreign exchange markets for the major floating currencies are "effici

Some forecasters believe that foreign exchange markets for the major floating currencies are "efficient" and forward exchange rates are unbiased predictors of future spot exchange rates. What are the three conditions of market efficiency as defined by the authors? What is implied by the term unbiased predictors? What does the empirical evidence have to say about the forward rate as an unbiased predictor of future spot rates?

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Fundamentals of Multinational Finance

Edition: 5^th

Authors: Moffet, Stonehill, Eiteman

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boland Author

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You're amazing, seriously

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You're welcome Wink Face

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