Table 9. Weak instruments (first row)... | Emerald Publishing

Table 9.

Weak instruments (first row) and Wu–Hausman (second row) tests for GLS-IV

Forward rates	FX	$d f_{1}$	$d f_{2}$	Statistic	p-value
1-month	US-UK	72	1309	13.02	2E-16
	US-UK	1	1379	7.91	0.00499
	US-CAD	78	1299	7.785	2E-16
	US-CAD	1	1375	4.022	0.044
	US-JP	48	1349	17.90	2E-16
	US-JP	1	1395	30.18	4.67E-08
3-month	US-UK	75	1288	22.75	2E-16
	US-UK	1	1361	56.27	1.13E-13
	US-CAD	75	1288	24.689	2E-16
	US-CAD	1	1361	10.67	0.001
	US-JP	39	1348	18.745	2E-16
	US-JP	1	1385	9.066	0.00265

Forward rates	FX	$d f_{1}$	$d f_{2}$	Statistic	p-value
1-month	US-UK	72	1309	13.02	2E-16
	US-UK	1	1379	7.91	0.00499
	US-CAD	78	1299	7.785	2E-16
	US-CAD	1	1375	4.022	0.044
	US-JP	48	1349	17.90	2E-16
	US-JP	1	1395	30.18	4.67E-08
3-month	US-UK	75	1288	22.75	2E-16
	US-UK	1	1361	56.27	1.13E-13
	US-CAD	75	1288	24.689	2E-16
	US-CAD	1	1361	10.67	0.001
	US-JP	39	1348	18.745	2E-16
	US-JP	1	1385	9.066	0.00265