Document Type
Dissertation
First Faculty Advisor
Inci, A. Can
Keywords
Forward Premium Puzzle; Fama Model; International Currency Correlations
Publisher
Bryant University
Rights Management
All rights retained by Thomas Griffin and Bryant University
Abstract
The purpose of this project is to examine the effects that one country’s currency can have on another countries currency. Currency is one of the key determinants of how a country’s economy is performing compared to the rest of the world. Some currencies have a negative or positive correlation with other currencies around the world. This data will help investors determine what they can expect to happen to a countries currency when there is a fluctuation in another currency. Certain industry practices where this information will be useful include the hedge fund industry and other global companies. This will be an analytical study looking at fluctuations of different interest rates and currencies around the world. In the end, I am interested in finding out the impact one currency can have on another currency, while at the same time determining if certain models such as the Fama Model still hold true.
