Covered Interest Arbitrage and Market Turbulence

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Empirical exchange rate models of the seventies

1983 • 4,141 citations

On the impossibility of informationally efficient markets

1980 • 3,972 citations

Value and Capital

1939 • 3,079 citations

A Tract on Monetary Reform

1923 • 1,043 citations

Information and Competitive Price Systems

1976 • 902 citations

Exchange Rate Theory and Practice

1984 • 506 citations

The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification?

1982 • 451 citations

Covered Interest Arbitrage: Unexploited Profits?

1975 • 435 citations

Exchange rates and international macroeconomics

1984 • 403 citations

The Interest Rate Parity Theorem: A Reinterpretation

1973 • 329 citations

Economic Interdependence and Flexible Exchange Rates

1984 • 254 citations

Covered Interest Parity: A High-Frequency, High-Quality Data Study

1987 • 184 citations

The Theory of Exchange Rate Determination

1984 • 179 citations

MONETARY AND PORTFOLIO-BALANCE MODELS OF EXCHANGE RATE DETERMINATION

1992 • 143 citations

The Theory of Forward Exchange and Effects of Government Intervention on the Forward Exchange Market

1959 • 112 citations

The Minimum Covered Interest Differential Needed for International Arbitrage Activity

1969 • 108 citations

Foreign exchange market efficiency tests: Implications of recent empirical findings

1986 • 107 citations

The Covered-Arbitrage Schedule: A Critical Survey of Recent Developments

1970 • 86 citations

EXCHANGE RATES AND MONETARY POLICY: MODELLING STERLING'S EFFECTIVE EXCHANGE RATE, 1972–80

1981 • 83 citations

The Money Supply and the Exchange Rate.

1982 • 71 citations

The term structure of the forward premium

1981 • 48 citations

A Note on Interest Parity and the Supply of Arbitrage Funds

1970 • 41 citations

Exchange rates and open economy macroeconomics

1990 • 38 citations

Elasticities and the Interest Parity Theory

1973 • 32 citations

A DYMIMIC MODEL OF FORWARD FOREIGN EXCHANGE RISK, WITH ESTIMATES FOR THREE MAJOR EXCHANGE RATES

1988 • 28 citations

Forward Exchange, Speculation, and the International Flow of Capital

1968 • 17 citations

Covered Interest Parity and Speculative Efficiency: Some Empirical Evidence for Australia*

1983 • 15 citations

Covered Interest Arbitrage and Market Turbulence: An Empirical Analysis

1988 • 3 citations