Staff View: Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay

Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay

This study examines the weak form efficiency in the eight selected Asian foreign exchange markets from January 2010 to September 2020. The selected foreign exchange markets are Malaysia, India, Pakistan, China, Taiwan, Thailand, South Korea, and Indonesia. Augmented Dickey-Fuller (ADF) test, Phillip...

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Main Authors:	Aiman Sanadi, Soofiyah, Bee, Hoong Tay
Format:	Article
Language:	English
Published:	Universiti Teknologi MARA, Kedah 2021
Subjects:	Money and prices. Inflation. Deflation. Purchasing power Foreign exchange. Foreign exchange rates
Online Access:	http://ir.uitm.edu.my/id/eprint/46827/1/46827.pdf http://ir.uitm.edu.my/id/eprint/46827/ https://voa.uitm.edu.my
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id	my.uitm.ir.46827
record_format	eprints
spelling	my.uitm.ir.468272021-06-09T09:01:17Z http://ir.uitm.edu.my/id/eprint/46827/ Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay Aiman Sanadi, Soofiyah Bee, Hoong Tay Money and prices. Inflation. Deflation. Purchasing power Foreign exchange. Foreign exchange rates This study examines the weak form efficiency in the eight selected Asian foreign exchange markets from January 2010 to September 2020. The selected foreign exchange markets are Malaysia, India, Pakistan, China, Taiwan, Thailand, South Korea, and Indonesia. Augmented Dickey-Fuller (ADF) test, Phillips-Perron (PP) test and Kwiatkowski, Phillips, Schmidt, and Shin (KPSS) test are adopted to investigate the weak form efficiency. The outcomes for all tests indicated that all the selected foreign exchange markets were weak form efficient except Taiwan when tested with the KPSS test. These findings have important implication to investors, fund managers and policy makers. Universiti Teknologi MARA, Kedah 2021 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/46827/1/46827.pdf ID46827 Aiman Sanadi, Soofiyah and Bee, Hoong Tay (2021) Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay. JOURNAL VOICE OF ACADEMIA, 17 (1). pp. 105-115. ISSN 26827840 (Submitted) https://voa.uitm.edu.my
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Money and prices. Inflation. Deflation. Purchasing power Foreign exchange. Foreign exchange rates
spellingShingle	Money and prices. Inflation. Deflation. Purchasing power Foreign exchange. Foreign exchange rates Aiman Sanadi, Soofiyah Bee, Hoong Tay Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
description	This study examines the weak form efficiency in the eight selected Asian foreign exchange markets from January 2010 to September 2020. The selected foreign exchange markets are Malaysia, India, Pakistan, China, Taiwan, Thailand, South Korea, and Indonesia. Augmented Dickey-Fuller (ADF) test, Phillips-Perron (PP) test and Kwiatkowski, Phillips, Schmidt, and Shin (KPSS) test are adopted to investigate the weak form efficiency. The outcomes for all tests indicated that all the selected foreign exchange markets were weak form efficient except Taiwan when tested with the KPSS test. These findings have important implication to investors, fund managers and policy makers.
format	Article
author	Aiman Sanadi, Soofiyah Bee, Hoong Tay
author_facet	Aiman Sanadi, Soofiyah Bee, Hoong Tay
author_sort	Aiman Sanadi, Soofiyah
title	Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
title_short	Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
title_full	Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
title_fullStr	Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
title_full_unstemmed	Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay
title_sort	is emerging foreign exchange market efficient? / soofiyah aiman sanadi and bee-hoong tay
publisher	Universiti Teknologi MARA, Kedah
publishDate	2021
url	http://ir.uitm.edu.my/id/eprint/46827/1/46827.pdf http://ir.uitm.edu.my/id/eprint/46827/ https://voa.uitm.edu.my
_version_	1702172648138604544
score	13.211869

Is emerging foreign exchange market efficient? / Soofiyah Aiman Sanadi and Bee-Hoong Tay

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