The purpose of this paper is to examine the degree to which financial deregulation has contributed to increased capital mobility in Sri Lanka. In fulfilling this objective the empirical validity of three tests are examined. The Feldstein-Horioka model (1980), the Sachs (1981, 1982) approach to...

This paper seeks to examine the efficiency of the Australian foreign exchange market by using methods of cointegration and spectral analysis. Uncovered interest rate differentials for five countries namely the US, UK, Japan, Malaysia and Singapore are examined with Australia as the 'home'...

The Fisher hypothesis has been a much debated topic. Over the years the hypothesis debated and the techniques used have changed. While the majority of early studies on the Fisher effect concentrated primarily on confirming the long and distributed lag in expectations formation, subsequent work...