Microeconomic efficiency and market transparency argue in favour of UK membership in
EMU and for Scotland''s membership in the UK monetary union and also in EMU. UK …

This study challenges the efficient market hypothesis, relying on the Dow Jones sector
Exchange-Traded Fund (ETF) indices. For this purpose, we use the generalized Hurst …

Most empirical evidence suggests that the efficient market hypothesis, stating that spot and
futures prices should cointegrate with a unit slope on futures prices, does not hold. These …

This study investigates the impact on foreign exchange market efficiency of the 1992
European financial market crisis by studying precrisis, crisis, and postcrisis periods. Long …

This study examines the market efficiency hypothesis of US major grain markets.
Cointegration among grain spot prices is argued to violate the weak form of the efficient …

The aim of this paper is to investigate whether the Euro–US dollar exchange rate
cointegrates with other major exchange rates since the introduction of the Euro. In order to …

This study extends the study of foreign exchange market efficiency. It employs several
verification testing procedures, rather than using only standard Johansen tests, to re …

This paper investigates long-term interdependencies and short-term dynamics in currency
futures utilizing intraday data for six major foreign currencies: the British Pound, Deutsche …

The aim of this paper is to investigate the market efficiency on the foreign exchange market
since the introduction of the Euro by applying the cointegration analysis to exchange rates …

Microeconomic efficiency and market transparency argue in favour of UK membership in
EMU and for Scotland's membership in the UK monetary union and also in EMU. UK …