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- W1497668668 abstract "This paper provides a comprehensive analysis of the responses of non-nearby Japanese yen and Deutsche mark futures contracts to macroeconomic announcements and the efficiency of information flow between the nearby and non-nearby contracts. The results show that macroeconomic announcements affect the non-nearby futures returns more through their effects on interest rate differentials than through the underlying spot exchange rates. Information flows efficiently between the Deutsche mark nearby and non-nearby contracts, while information flows primarily from the Japanese yen nearby contracts to the non-nearby counterparts." @default.
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- W1497668668 date "2006-01-01" @default.
- W1497668668 modified "2023-09-23" @default.
- W1497668668 title "Efficiency in Information Processing: A Study of Non-Nearby Currency Futures and Relationships with Nearby Counterparts" @default.
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- W1497668668 doi "https://doi.org/10.22004/ag.econ.50279" @default.
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