157 research outputs found
The Persistence of Current Account Balances and its Determinants: The Implications for Global Rebalancing
An Update on EMU Sovereign Yield Spread Drivers in Times of Crisis: A Panel Data Analysis
Efficiency Of Foreign Exchange Markets: A Developing Country Perspective
This study tests weak and semi-strong form efficiency of the foreign exchange market in
Sri Lanka during the recent float using six bilateral exchange rates. Weak-form efficiency
is examined using unit root tests while semi-strong form efficiency is tested using cointegration, Granger causality tests and variance decomposition analysis. Results
indicate that the Sri Lankan foreign exchange market is consistent with the weak-form of
the efficient market hypothesis (EMH). However, the results provide evidence against the
semi-strong version of the EMH. These results have important implications for
government policy makers and participants in the foreign exchange market of Sri Lank
Gathering Insights on the Forest from the Trees: A New Metric for Financial Conditions
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