๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Testing the Random Walk Behavior and Efficiency of the Gulf Stock Markets

โœ Scribed by Abraham Abraham; Fazal J. Seyyed; Sulaiman A. Alsakran


Book ID
108507563
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
246 KB
Volume
37
Category
Article
ISSN
0732-8516

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โœ Chow, Ying-Foon ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 542 KB

Many researchers have found that spot and futures prices are not cointegrated in some commodity markets, or they are cointegrated but not with a cointegrating vector (1, โ€ซ.)1ืžโ€ฌ One interpretation is that disturbances to excess returns have a unit root persistence, which implies that spot and futures