Does the foreign exchange market overreact?
This study uses a sample of 21 currencies to investigate exchange rate behaviour following extreme 1-day exchange rate movements during the period January 2000 to December 2007. Deriving evidence from a post-event cumulative average abnormal return of winners and associated losers, the results lend...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Business and Accountancy, Universiti Malaya
2014
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15414/1/AJBA.pdf |