Testing the random walk hypothesis for leading cryptocurrencies
Sign Up to like & getrecommendations! Published in 2020 at "Borsa Istanbul Review"
DOI: 10.1016/j.bir.2020.10.006
Abstract: Abstract Despite the rise in markets for cryptocurrencies at an outstanding pace, with consistently high trading volume and market capitalization, the increasing volatility of the virtual currencies raise various concerns. One of the major concerns… read more here.
Keywords: walk hypothesis; hypothesis leading; testing random; random walk ... See more keywords
The random-walk hypothesis revisited: new evidence on multiple structural breaks in emerging markets
Sign Up to like & getrecommendations! Published in 2017 at "Macroeconomics and Finance in Emerging Market Economies"
DOI: 10.1080/17520843.2016.1210189
Abstract: We examine whether stock prices in 18 emerging markets follow random-walk or mean-reversion processes in the presence of sudden and gradual multiple structural breaks. Our tests endogenously determined the structural shifts and are more powerful… read more here.
Keywords: structural breaks; evidence; emerging markets; random walk ... See more keywords