#  Bias in the Forward Rate as a Predictor of the Future Spot Exchange Rate 

 



 "[The Forward Market in Emerging Currencies: Less Biased than in Major Currencies](https://www.hks.harvard.edu/publications/forward-market-emerging-currencies-less-biased-major-currencies-0)," with Jumana Poonawala, *Journal of International Money and Finance*, 29, no.3, April 2010, 585-598. With appendices: [HKS RWP09-023](https://www.hks.harvard.edu/publications/forward-market-emerging-currencies-less-biased-major-currencies-0). [NBER WP No. 12496.](http://www.nber.org/papers/w12496)

 "Carried Away: Everything You Wanted to Know About the Carry Trade," the *[Milken Institute Review](https://www.milkenreview.org/print-edition/),* 1st Quarter, 2008 . Revised from: “Getting Carried Away: How the Carry Trade and Its Potential Unwinding Can Explain Movements in International Financial Markets,” with footnotes and references, Nov. 2007.

 "[Tests of Rational Expectations in the Forward Exchange Market](http://www.jstor.org/stable/1057243?seq=1#page_scan_tab_contents)," *Southern Economic Journal* 46, no. 4, April 198, pp. 1083-1101.

 /////////////



 



 

 See also:- [ Bias in the Forward Rate as a Predictor of the Future Spot Exchange Rate ](/expectations-participants-foreign-exchange-markets-terms/bias-forward-rate-predictor-future)