TESTING THE UNBIASED EXPECTATIONS HYPOTHESIS
Loading...
Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Nazarbayev University Graduate School of Business
Abstract
The complex relationship between exchange rates and interest rates has long
attracted the interest of academic researchers and practitioners in the financial
world, generating extensive research and practical discussions. This multifaceted
interaction is of utmost importance, affecting a wide range of individuals and
organizations, from individual investors trying to navigate turbulent forex markets,
to policymakers carefully crafting monetary policy, to global economists trying to
decipher macroeconomic trends. The focus of this discussion is the unbiased
expectations hypothesis (UEH), an influential theory that posits a direct correlation
between expected exchange rate movements and the different interest rates
observed in different countries..
Description
Keywords
Type of access: Open
Citation
Sabyrzhanov, D., Mussin, M. (2023). Testing The Unbiased Expectations Hypothesis. Nazarbayev University Graduate School of Business