Title :
Notice of Retraction
An Empirical Study of the Weak Efficiency of China´s Foreign Exchange Market
Author :
Lin Li ; Ma Bihong ; Peng Jing
Author_Institution :
City Coll. of Sci. & Technol., Chongqing Univ. of Sci. & Technol., Chongqing, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Based on China´s 2007 foreign exchange market daily foreign exchange offer as a sample study, this article is empirical testing of China´s foreign exchange market effectiveness, through the run testing and examination-related sequences from the two methods of analysis. The results of run test is that China´s foreign exchange market has not reached the validity of the weak, that is, the statistics do not support the full and effective weak assumptions. Autocorrelation of the time sequence test shows that China´s foreign exchange market has not reflect “weak-effective”.
Keywords :
foreign exchange trading; statistics; examination related sequences; foreign exchange market; run test; statistics; time sequence test; Cities and towns; Correlation; Educational institutions; Equations; Exchange rates; Software; Time series analysis; Autocorrelation Test; Efficient Market Hypothesis; Run Test; the foreign exchange market;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.1344
