Browsing Theses and Dissertations by Subject "An Investigation on the Efficiency of the Foreign Exchange Market in Kenya"
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An Investigation on the Efficiency of the Foreign Exchange Market in Kenya: the Rational Expectations Approach
(University of Nairobi, 2017)The aim of this investigation was to establish whether the forward rate is an unbiased predictor of the future spot exchange rate. The study was guided by three theories namely; Efficient Market Hypothesis, Arbitrage Pricing ...