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Further evidence of long memory in the South African Stock Market
(Wiley-Blackwell, 2009)
This paper expands and augments the results of the paper by Jefferis and Thupayagale) and tests the efficiency of the South African stock market with Wavelet and Markov Switching Regime analyses of selected shares and the ...
A Triptych on the USD-ZAR Exchange Rate Dynamics
(EuroJournals Publishing, 2009)
South Africa's small, open, resource-based economy and volatile exchange rate may not provide satisfactory conditions for purchasing power parity (PPP). The Bry-Boschan procedure, the Markov regime switching analysis and ...