Evidence of adaptive markets hypothesis in the foreign exchange market using the USD/Php exchange rate from 1979-2013

• Main Authors: Alejo, Bianca, Bianca Cai, Joyce, Chua, Sedric, Dilla, Cedrick
• Format: text
• Language: English
• Published: Animo Repository 2014
• Subjects: Foreign exchange rates > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/7757
• Institution: De La Salle University

This research tested the validity of the adaptive markets hypothesis (AMH), a new theory proposed by Professor Andrew Lo in 2004 as a possible alternative to the efficient market hypothesis (EMH) in the foreign exchange market using the USD/Php exchange rate from 1979-2013. The Martingale difference...