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The Efficiency of Foreign Exchange Markets in Pakistan

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dc.contributor.author Rizwana Bashir
dc.contributor.author Rabia Shakir
dc.contributor.author Badar Ashfaq
dc.contributor.author Atif Hassan
dc.date.accessioned 2014-10-16T05:48:06Z
dc.date.available 2014-10-16T05:48:06Z
dc.date.issued 2014-06
dc.identifier.citation The Lahore Journal of Economics Volume 19, No.1 en_US
dc.identifier.issn 1811-5438
dc.identifier.uri http://121.52.153.179/Volume.html
dc.identifier.uri http://hdl.handle.net/123456789/7064
dc.description PP.17 ;ill en_US
dc.description.abstract This study investigates the empirical relationship between spot and forward exchange rate efficiency with reference to Pakistan and the efficiency of its foreign exchange market. We use monthly data from the State Bank of Pakistan and KIBOR rates for the period July 2006 to December 2013. Our results indicate that the forward exchange rate does not fully reflect all the information available. Market players may gain the benefits of volatility speculation due to market inefficiency. Pakistan’s foreign exchange market is still small compared to those of other emerging economies, implying that substantial policy work is required. en_US
dc.language.iso en en_US
dc.publisher © The Lahore School of Economics en_US
dc.subject forward exchange rate efficiency en_US
dc.subject Foreign exchange markets en_US
dc.subject emerging economy en_US
dc.title The Efficiency of Foreign Exchange Markets in Pakistan en_US
dc.title.alternative An Empirical Analysis en_US
dc.type Article en_US


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