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Full-Text Articles in Applied Mathematics
Testing For Weak Form Market Efficiency In Indian Foreign Exchange Makret, Anoop Sasikumar
Testing For Weak Form Market Efficiency In Indian Foreign Exchange Makret, Anoop Sasikumar
Anoop Sasikumar
This paper attempts to examine the weak form of market efficiency in the Indian foreign exchange market using a family of variance ratio tests. Monthly Nominal Effective Exchange Rate (NEER) data from April 1993-June 2010 were used for the analysis. NEER series was considered for the analysis as it is supposed to capture more information compared to the bilateral exchange rates. Three individual variance ratio tests as well as three joint variance ratio tests were used for the purpose of analysis. After analyzing the results from both individual and joint variance ratio test, it was concluded that Indian foreign exchange …
Asean+3 Monetary And Financial Integration: What We Need For A New Framework?, Reza Moosavi Mohseni
Asean+3 Monetary And Financial Integration: What We Need For A New Framework?, Reza Moosavi Mohseni
Reza Moosavi Mohseni
In this paper at first we investigate the viability of creating an optimum currency area (OCA) in the East Asia. Then we try to find the currency bloc which is more suitable for this region. A ten-variable VAR model employed to estimate the underlying shocks and test the symmetry of them. The results show that forming an OCA for all of the countries in the region is costly and difficult to sustain. But at first five countries called Japan, China, Korea, Malaysia, and the Philippine with symmetric supply shocks can create the single currency area. The rest of the countries …
An Analysis Of Presence Of Long Memory In The Indian Foreign Exchange Market, Anoop Sasikumar
An Analysis Of Presence Of Long Memory In The Indian Foreign Exchange Market, Anoop Sasikumar
Anoop Sasikumar
This paper seeks to analyze the presence of long memory in the Indian foreign exchange market using a family of tests. The study has used Nominal Effective Exchange Rate (NEER) series as the data source to check the possible presence of long memory. Three R/S statistics viz. Hurst, Mandelbrot’s and Lo’s modified R/S statistics as well as two semi-parametric tests viz. Robinson’s Gaussian semi-parametric estimate and Andrews-Guggenberger modified GPH estimator are used for the purpose of analysis. All the results conclusively prove the presence of strong version of long memory in the Indian foreign exchange market.
Ranking Of Provinces In Iran According To Socio-Economic Indices, Jalil Khodaparast Shirazi, Reza Moosavi Mohseni, A. R. Rahmansetayesh
Ranking Of Provinces In Iran According To Socio-Economic Indices, Jalil Khodaparast Shirazi, Reza Moosavi Mohseni, A. R. Rahmansetayesh
Reza Moosavi Mohseni
Some parts of a country may have lower income earned through business activities in comparison with other parts of the country. When it is accompanied by lack of social income because of less access to the products and services provided by the government, it will lead to the serious lag of some areas of the country in comparison with other areas. The first step to prevent such a problem is the recognition of the present situation and the second step is programming to reach an appropriate situation. This article applied socioeconomic indices to recognize the current condition in Fars province …