Infrequent Large Nominal Devaluations and their Impacton the Futures Prices for Foreign Exchange in Brazil.
This paper discusses the behavior of futures prices for foreign exchange in Brazil during a period of high inflation and successive stabilization attempts (1989-92). After testing for futures prices unbiasedness and predicability by applying the Generalized Method of Moments, the paper argues that t...
| Erakunde egilea: | |
|---|---|
| Formatua: | Aldizkaria |
| Hizkuntza: | English |
| Argitaratua: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Saila: | IMF Working Papers; Working Paper ;
No. 1996/049 |
| Sarrera elektronikoa: | Full text available on IMF |