Floating exchange rates, expectations and new information

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

1980 • 2,192 citations

Foundations of Finance.

1977 • 1,197 citations

On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials

1979 • 985 citations

A Monetary Approach To The Exchange Rate: Doctrinal Aspects And Empirical Evidence

1977 • 970 citations

A Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical Evidence

1976 • 810 citations

The Exchange Rate, The Balance Of Payments and Monetary and Fiscal Policy Under A Regime of Controlled Floating

1977 • 491 citations

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

1981 • 488 citations

The collapse of purchasing power parities during the 1970's

1981 • 456 citations

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

1982 • 446 citations

The "Speculative Efficiency" Hypothesis

1981 • 440 citations

Exchange Rate Economics: Where Do We Stand?

1980 • 403 citations

THE FINANCIAL AND TAX EFFECTS OF MONETARY POLICY ON INTEREST RATES

1975 • 364 citations

The Exchange Rate, the Balance of Payments and Monetary and Fiscal Policy under a Regime of Controlled Floating

1976 • 353 citations

The Interest Rate Parity Theorem: A Reinterpretation

1973 • 329 citations

A Model of Exchange Rate Dynamics

1982 • 327 citations

Capital Controls, Political Risk, and Deviations from Interest-Rate Parity

1980 • 316 citations

Transaction Costs and Interest Arbitrage: Tranquil versus Turbulent Periods

1977 • 315 citations

Two-step two-stage least squares estimation in models with rational expectations

1983 • 259 citations

Optimal Foreign Exchange Market Intervention

1978 • 178 citations

The Theory of Flexible Exchange Rate Regimes and Macroeconomic Policy

1976 • 163 citations

The Efficiency of Foreign Exchange Markets and Measures of Turbulence

1980 • 152 citations

International economic policy: Theory and evidence

1980 • 134 citations

Tests of Rational Expectations in the Forward Exchange Market

1980 • 120 citations

A Capital Market in an Equilibrium Business Cycle Model

1980 • 113 citations

Aspects of the optimal management of exchange rates

1982 • 88 citations

Stochastic prices and tests of efficiency of foreign exchange markets

1980 • 83 citations

Stability and Exchange Rate Systems in a Monetarist Model of the Balance of Payments

1977 • 80 citations

Exchange rates and ‘news’: A multi-currency approach

1982 • 79 citations

Taxation and "Abnormal" International Capital Flows

1977 • 74 citations

Monetary Policy Under Exchange Rate Flexibility

1979 • 67 citations

A Stochastic Equilibrium Model of an Open Economy Under Flexible Exchange Rates*

1978 • 65 citations

Fluctuating Exchange Rates and the International Transmission of Economic Disturbances

1980 • 57 citations

Empirical exchange rate models of the seventies: are any fit to survive?

1981 • 52 citations

The behavior of foreign exchange markets : a critical survey of the empirical literature

1978 • 50 citations

Fixed and Flexible Exchange Rates: A Renewal of the Debate

1979 • 49 citations

Exchange Rates amd "News": A Multi-Currency Approach

1982 • 48 citations

Exchange rate market efficiency and new information

1982 • 43 citations

The Political Economy of Monetary Reform.

1977 • 37 citations

On some parity conditions encountered frequently in international economics

1979 • 33 citations

Effects of Central Bank Intervention in the Foreign Exchange Market (Effets de l'intervention de la banque centrale dans les marches des changes) (Efectos de la intervencion de los bancos centrales en los mercados de divisas)

1981 • 32 citations

Exchange rate overshooting, the trade balance, and rational expectations

1981 • 30 citations

On the Mark: Reply [On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differential]

1981 • 30 citations

Rational Expectations and the Foreign Exchange Market

1982 • 15 citations

Does Purchasing Power Parity Work

1980 • 5 citations