The Foreign Exchange Market: A Random Walk with a Dragging Anchor
Data up to Jan 2025
Total Citations Per Year
Abstract
References (13)
Expectations and Exchange Rate Dynamics
1976 • 4,751 citations
An empirical examination of long-run purchasing power parity using cointegration techniques
1988 • 508 citations
Forward Rates and Future Policy: Interpreting the Term Structure of Interest Rates
1983 • 391 citations
Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations
1986 • 389 citations
Covered Interest Parity: A High-Frequency, High-Quality Data Study
1987 • 184 citations
Does the exchange rate follow a random walk? A Monte Carlo study of four tests for a random walk
1986 • 156 citations
Rational Expectations and the Term Structure of Interest Rates
1972 • 130 citations
Foreign exchange market efficiency tests: Implications of recent empirical findings
1986 • 107 citations
Flexible Exchange Rates and Interdependence [with Comments] (Taux de change flexibles et interdependance) (Tipos de cambio flexibles e interdependencia)
1983 • 76 citations
Forecasting the exchange rate: A monetary or random walk phenomenon?
1986 • 52 citations
The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalists and Chartists
1986 • 39 citations
The performance of UK exchange rate forecasters
1988 • 37 citations
The Rise and Fall of the Dollar: Some Explanations, Consequences and Lessons
1987 • 12 citations