Efficiency Of Foreign Exchange Markets: A Developing Country Perspective
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 examined using unit root tests while semi-strong form efficiency is tested using cointegration, Granger causality te...
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| Format: | Article |
| Language: | English |
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Asian Academy of Management (AAM)
2005
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| Online Access: | http://eprints.usm.my/35838/1/AAMJ_10-1-1.pdf |