|Title:||Exchange Rate Convergence and Market Efficiency|
|Publisher:||Department of Economics|
|Abstract:||The objective of this paper is to examine the market efficiency hypothesis for five major exchange rats of the Australian dollar using multivariate cointegration techniques. The conclusion is that cointegrated relations exist in foreign exchange markets when interdependence among exchange rates is accounted for.|
|Type of Work:||Working Paper|
|Appears in Collections:||Working Papers - Economics|
|ECON 1991-167.pdf||5.22 MB||Adobe PDF|
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