Predictable and profitable price patterns: Evidence from US interest rates

Economics Letters

Volumn 51, Issue 1, 1996, Pages 101-107

  Moorthy, Vivek ^a  

^a INDIAN INSTITUTE OF MANAGEMENT BANGALORE   (India)

Author keywords

Employment news; Excess returns; Interest rates

Indexed keywords

EID: 0030306110     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/0165-1765(95)00789-X     Document Type: Article

References (7)

1. Agrawal, A. and K. Tandon, 1994, Anomalies or illusions: Evidence from stock markets in eighteen countries, Journal of International Money and Finance 13, 83-106.
2. The Economist, 1992, Beating the market, 5 December, 21-27.
3. Froot, K.A. and R.H. Thaler, 1990, Anomalies: Foreign exchange, Journal of Economic Perspectives 4, 179-192.
4. Hakkio, C.S. and D.K. Pearce, 1985, The reaction of exchange rates to economic news, Economic Inquiry 23, 612-636.
5. Hendricks, D., J. Patel and R. Zeckhauser, 1993, Hot hands in mutual Funds: Short-run persistent of relative performance, 1974-1988, The Journal of Finance XLVIII, 93-130.
6. Lewis, K.K., 1989, Changing beliefs and systematic rational forecast errors with evidence from foreign exchange, American Economic Review 79, 621-636.
7. Moorthy, V., 1994, Efficiency aspects of exchange rate response to news: Evidence from U.S. employment data, Federal Reserve Bank of New York, Working Paper No. 9326; forthcoming in Journal of International Financial Markets, Institutions and Money.