Bai, Shuming; Koong, Kai S.; Liu, Lai C.; Lin, Binshan - In: International Journal of Electronic Finance 2 (2008) 3, pp. 330-347
This study examines the long-run informational efficiency and short-run predictability of the black and official exchange markets of Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) nations. Applying a battery of nonparametric as well as time series models, this study finds...