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Why is it true that the hypothesis that the forward exchange rate is an unbiased predictor of the future spot exchange rate is equivalent to the hypothesis that the forward premium (or discount)on a foreign currency is an unbiased predictor of the rate of its appreciation (or depreciation)?
Christopher Wren
An English architect who is recognized for his role in rebuilding London after the Great Fire of 1666, notably designing St. Paul's Cathedral.
Palladian
Referring to a style of architecture inspired by the works of the Venetian architect Andrea Palladio, characterized by symmetry and classical forms.
Saint Paul's
A renowned Anglican cathedral in London, England, famous for its dome, designed by Sir Christopher Wren.
Thirty Years' War
A series of conflicts in Central Europe between 1618 and 1648, primarily fought over religious freedom and territory, but also involving dynastic concerns.
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