Weak-Form Efficiency of Foreign Exchange Market in the Organisation for Economic Cooperation and Development Countries: Unit Root Test

• Main Authors: Ab Ghani, Hartini, Mohd Salleh, Safrul Izani, Long, Yasmiza, Ibrahim, Juliana
• 格式: Article
• 语言: English
• 出版: 2011
• 主题: HB Economic Theory; HJ Public Finance
• 在线阅读: http://eprints.unisza.edu.my/3110/1/FH02-FESP-18-13175.pdf; http://eprints.unisza.edu.my/3110/

This paper will look at the weak-form efficiency of the foreign exchange market in thirty (30) Organization for Economic Cooperation and Development (OECD) countries. We employ Augmented Dickey-Fuller (ADF), Philip-Perron (PP) and Kwiatkowski-Phillips-Schmidt-Shin analysis to examine for the uni...