This study tests weak and semi-strong form efficiency of the foreign exchange market in Sri
Lanka during the recent float using six bilateral exchange rates. Weak-form efficiency is …

Every market leaves its fingerprint in prices time series. The Efficient Market Hypothesis
(EMH), considers that prices behave as random walks, a property that has been tested on …

This study investigates the asymmetric cointegration relationship among the Japanese yen,
the Korean won, and the Singapore dollar using an instrumental variable threshold …

This study examines the empirical validity of the weak-form Efficient Market Hypothesis
(EMH) for the foreign exchange market of Sri Lanka, using a battery of (univariate and panel) …

Using Vector Error-Correction (VEC) model estimation on monthly data from Morocco for the
period January 1974 to December 1992, this article tests the hypothesis that there is a long …

This paper attempts to investigate the long-run dynamic relationship between official and
black-market exchange rates for four Latin America markets namely, Argentina, Brazil, Chile …

This paper analyzes the long-run dynamic relationship between black and official exchange
rates for Greece over the period 1975–1993. We apply Paruolo's (1996) recent test to the …

In this paper, we use monthly data from Tunisia for the period 1972-1998 and explore the
short-run causality and long-run relationship between official and black-market exchange …

While fixed exchange rates were implemented during and after the Second World War,
trading of national currencies at free market rates continued in Switzerland and New York …

An arbitrage trading strategy whereby an investor capitalizes on the interest rate differential
between two countries by using a forward contract to cover (eliminate exposure to) …