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An Empirical Test of the Efficiency Hypothesis on the Renminbi NDF in Hong Kong Market

秀記 井澤

Kobe Economic and Business Review2007article
ABDC C
Weight
0.26

What the paper says

In this paper we analyze empirically the efficiency hypothesis after the revaluation on July 21, 2005, using daily non-deliverable forward (NDF) renminbi rates in the Hong Kong market. The efficiency hypothesis for the renminbi NDF market is rejected. Therefore, the NDF rate is not an unbiased predictor of the future spot rate.

4 citations

Cite this paper

@article{秀記2007,
  title        = {{An Empirical Test of the Efficiency Hypothesis on the Renminbi NDF in Hong Kong Market}},
  author       = {秀記 井澤},
  journal      = {Kobe Economic and Business Review},
  year         = {2007},
}

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An Empirical Test of the Efficiency Hypothesis on the Renminbi NDF in Hong Kong Market

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.