Journal of the Korean Operations Research and Management Science Society (한국경영과학회지)
- Volume 9 Issue 2
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- Pages.34-45
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- 1984
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- 1225-1119(pISSN)
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- 2733-4759(eISSN)
An Empirical Study of Foreign Exchange Markets for the Floating Rate
연동환율제도하에서의 외환시장의 효율성 : 실증적 분석
Abstract
The aim of this study is to investigate efficiency of foreign exchange markets for 8 currencies for the floating rate regime 1974～1982 by comparison of various foreign exchange rate forecasting models’performances. The author presents evidences showing that efficient market hypothesis was not supported.
Keywords