Market Efficiency in Indian Exchange Rates: Adaptive Market Hypothesis

نویسندگان

چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A Dynamic Analysis of Market Efficiency on Benchmark Crude oil markets: Based on the Adaptive Market Hypothesis

This paper examines the applicability of the adaptive market hypothesis (AMH) as an evolutionary alternative to the efficient market hypothesis (EMH) by studying daily returns on the three benchmark crude oils. The data coverage of daily returns is from January 2th 2003 to March 5th 2018. In this paper, two different tests in the form of two distinguished classes (linear and nonlinear) have bee...

متن کامل

The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective

30TH ANNIVERSARY ISSUE 2004 THE JOURNAL OF PORTFOLIO MANAGEMENT 15 The 30th anniversary of The Journal of Portfolio Management is a milestone in the rich intellectual history of modern finance, firmly establishing the relevance of quantitative models and scientific inquiry in the practice of financial management. One of the most enduring ideas from this intellectual history is the Efficient Mar...

متن کامل

Optimal exchange-rates: a market-microstructure approach

We analyze exchange-rate management by the central bank when it makes the FX market for the sake of social-welfare objectives. It is assumed that markets are incomplete, so that agents are exposed to exchange-rate volatility against which they cannot fully hedge. It follows that the central bank may provide insurance by smoothing the exchange rate. However, smoothing the exchange rate also crea...

متن کامل

Evaluation Iran Capital Market Hedging using World Capital Market (Simultaneous Investment in Iran Stock Exchange Market & World Gold Market)

Hedging is one of the most important topics in investment field, which could be noticed from different points of view. We evaluate the role of gold relative to different indices in Tehran Security Exchange (TSE) as a representative of Iran Capital Market .In this topic gold charecterristics of “save haven” and “hedge” versus TSE are studided. Daily Price Returns of 21 TSE stock indices and dail...

متن کامل

Bidding Strategy in Demand Response Exchange Market

Demand response (DR) has many beneficiaries in the electricity market. There are independent players who are interested in DR, which include: transmission system owners, distributors, retailers, and aggregators. In this paper DR is introduced as a tradable commodity that can be exchanged between DR buyers and sellers in a pool-based market which is called demand response exchange (DRX). DRX ope...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Theoretical Economics Letters

سال: 2018

ISSN: 2162-2078,2162-2086

DOI: 10.4236/tel.2018.89101