Abdul Razak Abdul Hadi; Tat Hiung Yap; Zainudin, Zalina - In: Contemporary economics 13 (2019) 2, pp. 175-186
The study is carried out with the objective of testing the efficient market hypothesis (EMH) at the semistrong form level. As such, the study employs two publicly available data variables – the exchange rate (RM/USD) and short-term interest rate as proxied by the overnight policy rate (OPR)....