A Study of the Efficiency in Four Foreign Exchange Markets Using the Survey Data
The purpose of this paper is to reexamine the efficiency condition in four foreign exchange market: U.S.—British, U.S.—Canadian, U.S.—Japanese, U.S.—German. Survey data was used to separate the risk premium arguments from irrationality. Only two markets are considered efficient based on the statisti...
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| Format: | Others |
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TopSCHOLAR®
1996
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| Online Access: | http://digitalcommons.wku.edu/theses/862 http://digitalcommons.wku.edu/cgi/viewcontent.cgi?article=1865&context=theses |