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The data in FORWARD contain 188 observations from January 1979 
to August 1994 taken from DATASTREAM. Data on interest rates 
are available only from January 1981, the first 24 observations 
are set to 'missing'. 

Variable list:

ECUK1M ECUK3M ECUS1M ECUS3M ECWGM1M ECWGM3M
EXDMUS EXUSBP F1DMUS F1USBP F3DMUS F3USBP

Variable labels:

  ECUK1M: 1 month Euro interest rate U.K.
  ECUK3M: 3 month Euro interest rate U.K.
  ECUS1M: 1 month Euro interest rate U.S.A.
  ECUS3M: 3 month Euro interest rate U.S.A.
 ECWGM1M: 1 month Euro interest rate (West) Germany
 ECWGM3M: 3 month Euro interest rate (West) Germany
  EXDMUS: exchange rate DM/USDollar
  EXUSBP: exchange rate USDollar/Sterling
  F1DMUS: 1 month forward rate DM/USDollar
  F1USBP: 1 month forward rate USDollar/Sterling                    
  F3DMUS: 3 month forward rate DM/USDollar
  F3USBP: 3 month forward rate USDollar/Sterling
None of the variables is in logs.

Summary statistics:

Variable |     Obs        Mean   Std. Dev.       Min        Max                 
---------+-----------------------------------------------------                 
  ECUK1M |     164    10.94355   2.797566          5       16.5                 
  ECUK3M |     164    10.95661   2.777896      5.125    16.9375                 
  ECUS1M |     164    8.220979   3.669384     3.0625    19.0625                 
  ECUS3M |     164    8.341352   3.697812      3.125     18.875                 
 ECWGM1M |     164    6.902668    2.35499      3.063         14                 
 ECWGM3M |     164    6.963086    2.36079       3.25     13.875                 
  EXDMUS |     188    2.035196   .4535537    1.39334    3.35664                 
  EXUSBP |     188    1.707327   .2892327     1.0725     2.4435                 
  F1DMUS |     188     2.02722   .4507141    1.39302    3.33042                 
  F1USBP |     188    1.703549   .2889662     1.0673     2.4405                 
  F3DMUS |     188    2.012783   .4454913    1.39115    3.29195                 
  F3USBP |     188    1.697218   .2890644    1.06105     2.4332   

3/11/1998

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