Market efficiency of floating exchange rate systems: Some evidence from Pacific-Asian countries

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) non-parametric procedure to test the RWH and Kuan and Lee's (2004)...

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Bibliographic details
Volume: 22
Main Author: Al-Khazali, Osamah M
Leduc, Guillaume
Pyun, Chong Soo
Format: Journal Article
Language: English
Place of publication: Greenwich Elsevier Inc 2011
Elsevier
Elsevier Science Ltd
published in: Global finance journal Vol. 22; no. 2; pp. 154 - 168
Data of publication: 2011
ISSN: 1044-0283
1873-5665
EISSN: 1873-5665
Discipline: Business
Series: Global Finance Journal
Subjects:
G14
F31
Online Access: available in Bonn?
Database: RePEc IDEAS
RePEc
CrossRef
ProQuest One Business
ProQuest One Business (Alumni)
Database information Databases - DBIS