Predictability of Exchange Rates in Sri Lanka: A Test of the Efficient Market Hypothesis

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Guneratne B Wickremasinghe;
(2007)
  • Journal: Asian Academy of Management Journal of Accounting and Finance,volume 3,issue 2,pages43-59
  • Subject: efficient market hypothesis, Sri Lanka, US dollar, cross-correlation test, foreign exchange market

This study examined the validity of the weak and semi-strong forms of the efficient market hypothesis (EMH) for the foreign exchange market of Sri Lanka. Monthly exchange rates for four currencies during the floating exchange rate regime were used in the empirical tests... View more
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