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...
| Coauteur: | |
|---|---|
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1996.
|
| Reeks: | IMF Working Papers; Working Paper ;
No. 1996/049 |
| Online toegang: | Full text available on IMF |