Weak-form efficiency of foreign exchange market in the organisation for economic cooperation and development countries: unit root test

• Main Authors: Juliana, Ibrahim, Hartini, Ab Ghani, Safrul Izani, Mohd Salleh, Yasmiza, Long
• Format: Article
• Language: English
• Published: 2011
• Subjects: HB Economic Theory; HJ Public Finance
• Online Access: http://eprints.unisza.edu.my/2063/1/FH02-FESP-18-13175.pdf; http://eprints.unisza.edu.my/2063/
• Institution: Universiti Sultan Zainal Abidin

This paper will look at the weak-form efficiency of the foreign exchange market in thirty (30) Organization for Economic Cooperation and Development (OECD) countries. We employ Augmented Dickey-Fuller (ADF), Philip-Perron (PP) and Kwiatkowski-Phillips-Schmidt-Shin analysis to examine for...