Bošnjak, Mile; Novak, Ivan; Vlajčić, Davor - In: Naše gospodarstvo / Our Economy 67 (2021) 2, pp. 10-19
This paper tests the hypothesis on market efficiency for returns on the euro against fifteen currencies while assuming predictability of returns, dependent on the sign and magnitude of endogenous shocks. Considering the properties of exchange rate returns, the quantile autoregression approach...
