How Efficient is the Foreign Exchange Market?
In this paper, we try to measure the degree of efficiency in the foreign exchange market by using four exchange rates ($/€, $/£, C$/$, and ¥/$). Different theoretical models are applied, like the random walk hypothesis, the unbiased forward rate hypothesis, the composite efficiency hypothesis, the s...
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| Format: | Article |
| Language: | English |
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Athens Institute for Education and Research
2018-07-01
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| Series: | Athens Journal of Business & Economics |
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| Online Access: | https://www.athensjournals.gr/business/2018-4-3-4-Kallianiotis.pdf |