Is MYR/USD a random walk? New evidence from the BDS test

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Is MYR/USD a random walk? New evidence from the BDS test

This study empirically investigates the daily MYR/USD exchange rate return series in the light of the random walk hypothesis. Recent breakthroughs pertaining to non-linear dynamics and chaos, coupled with the rapid acceleration in computer power, have made it possible to more robustly test for the...

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Bibliographic Details
Main Authors:	Lim, Kian Ping, Mohamed, Azali, Lee, Hock Ann
Format:	Article
Language:	English
Published:	Universiti Putra Malaysia Press 2003
Online Access:	http://psasir.upm.edu.my/id/eprint/3409/ http://psasir.upm.edu.my/id/eprint/3409/1/Is_MYRjUSD_a_Random_Walk_New_Evidence_from_the_BDS_Test.pdf

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