Browsing by Author "634a868d-416b-4508-a02b-8748577e0272"
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Market Efficiency of Floating Exchange Rate Systems: Some Evidence from Pacific-Asian Countries
Al-Khazali, Osamah; Leduc, Guillaume; Pyun, Chong S. (Elsevier, 2011)This paper examines the random walk hypothesis (RWH) and the martingale difference hypothesis (MDH) for the Australian dollar and five Asian emerging currencies relative to three benchmark currencies. We use Wright’s (2000) ...