Risk Aversion, Efficient Markets, and the Forward Exchange Rate

Empirical exchange rate models of the seventies

1983 • 4,141 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s

1981 • 488 citations

Beating the Foreign Exchange Market

1986 • 437 citations

The covariation of risk premiums and expected future spot exchange rates

1986 • 197 citations

A Note on Exchange‐Rate Expectations and Nominal Interest Differentials: A Test of the Fisher Hypothesis

1981 • 186 citations

Transactions Costs and Covered Interest Arbitrage: Theory and Evidence

1988 • 167 citations

Beating the Foreign Exchange Market

1986 • 125 citations

Foreign exchange market efficiency tests: Implications of recent empirical findings

1986 • 107 citations

A Note on Exchange-Rate Expectations and Nominal Interest Differentials: A Test of the Fisher Hypothesis

1981 • 83 citations

Are Exchange Rates Excessively Variable?

1987 • 42 citations

Bilateral exchange rates and risk premia

1988 • 12 citations

Forward Exchange Rates in Efficient Markets: The Effects of News and Changes in Monetary Policy Regimes

1986 • 11 citations