Is MYR/USD a random walk? New evidence from the BDS test
This study empirically investigates the daily MYR/USD exchange rate return series in the light of the random walk hypothesis. Recent breakthroughs pertaining to non-linear dynamics and chaos, coupled with the rapid acceleration in computer power, have made it possible to more robustly test for the...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2003
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3409/1/Is_MYRjUSD_a_Random_Walk_New_Evidence_from_the_BDS_Test.pdf http://psasir.upm.edu.my/id/eprint/3409/ http://www.pertanika.upm.edu.my/view_archives.php?journal=JSSH-11-1-3 |
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| Institution: | Universiti Putra Malaysia |
| Language: | English |