Bashir, Rizwana; Shakir, Rabia; Ashfaq, Badar; Hassan, Atif - In: Lahore Journal of Economics 19 (2014) 1, pp. 133-149
Pakistan and the efficiency of its foreign exchange market. We use monthly data from the State Bank of Pakistan and KIBOR rates … 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 …