Skip to main content

Inefficiency of foreign exchange markets and expectations: survey evidence

Buy Article:

$47.50 plus tax (Refund Policy)

In recent years, the finding of a bias has cast doubts on the efficiency of the forward-exchange market. A large survey of exchange-rate expectations in the Danish market shows that this inefficiency is mainly due to risk aversion in the market. The results contradict the findings of surveys of US and UK forward exchange markets, where contribution from biased expectations has been large.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics

Document Type: Research Article

Publication date: 01 April 1996

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more