Re-interpreting the failure of foreign exchange market efficiency tests
small transaction costs, big hysteresis bands
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Author
Contributions
- National Bureau of Economic Research. - Contributor
Publication
1990 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Subjects
Topics
HysteresisSpeculationForeign exchangeMathematical modelsEfficient market theoryEconomic aspects of HysteresisSpeculation -- Mathematical modelsForeign exchange -- Mathematical modelsHysteresis -- Economic aspects -- Mathematical models
Series Statement
- NBER working paper series -- working paper no. 3319
- Working paper series (National Bureau of Economic Research) -- working paper no. 3319.
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