Predictability and 'Good Deals' in Currency Markets
---- Acknowledgements -----
The authors wish to thank Chris Neely (Federal Reserve Bank of St. Louis), Ming-Yuan Leon Li (National Cheng Kung University, Taiwan), Stephen Taylor (Lancaster University), Devraj Basu (EDHEC), and discussants and participants to the INFINITI 2007 conference, the EFM 2008 Symposium on Risk and Asset Management, the EFA 2008 meeting and seminars at Lancaster University and Reading University ICMA Centre for helpful comments and suggestions. Any remaining errors are the authors' sole responsibility. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.