{"id":"https://openalex.org/W1600478152","doi":"https://doi.org/10.1016/0165-1765(89)90174-2","title":"Foreign exchange market efficiency and cointegration","display_name":"Foreign exchange market efficiency and cointegration","publication_year":1989,"publication_date":"1989-01-01","ids":{"openalex":"https://openalex.org/W1600478152","doi":"https://doi.org/10.1016/0165-1765(89)90174-2","mag":"1600478152"},"language":"en","primary_location":{"id":"doi:10.1016/0165-1765(89)90174-2","doi":"https://doi.org/10.1016/0165-1765(89)90174-2","is_oa":false,"landing_page_url":"https://doi.org/10.1016/0165-1765(89)90174-2","pdf_url":null,"source":{"id":"https://openalex.org/S36178057","display_name":"Economics Letters","issn_l":"0165-1765","issn":["0165-1765","1873-7374"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics Letters","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051953699","display_name":"Ronald R. MacDonald","orcid":"https://orcid.org/0000-0001-5900-5306","observed_orcids":["https://orcid.org/0000-0001-5900-5306"]},"institutions":[{"id":"https://openalex.org/I195460627","display_name":"University of Aberdeen","ror":"https://ror.org/016476m91","country_code":"GB","type":"education","lineage":["https://openalex.org/I195460627"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Ronald MacDonald","raw_affiliation_strings":["University of Aberdeen, Old Aberdeen, AB9 2TY, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Aberdeen, Old Aberdeen, AB9 2TY, UK","institution_ids":["https://openalex.org/I195460627"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083459724","display_name":"Mark Taylor","orcid":"https://orcid.org/0000-0002-4158-0983","observed_orcids":["https://orcid.org/0000-0002-4158-0983"]},"institutions":[{"id":"https://openalex.org/I177639307","display_name":"University of Dundee","ror":"https://ror.org/03h2bxq36","country_code":"GB","type":"education","lineage":["https://openalex.org/I177639307"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Mark P. Taylor","raw_affiliation_strings":["Bank of England, London, UK","Centre for Economic Policy Research, London, UK","University of Dundee, Dundee PD1 4HN, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England, London, UK","institution_ids":["https://openalex.org/I46860202"]},{"raw_affiliation_string":"Centre for Economic Policy Research, London, UK","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"University of Dundee, Dundee PD1 4HN, UK","institution_ids":["https://openalex.org/I177639307"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3030,"currency":"USD","value_usd":3030},"apc_paid":null,"fwci":13.6107,"has_fulltext":false,"cited_by_count":118,"citation_normalized_percentile":{"value":0.98160763,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"29","issue":"1","first_page":"63","last_page":"68"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8163999915122986,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.8163999915122986,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.1526000052690506,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.0210999995470047,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-exchange-market-efficiency","display_name":"foreign exchange market efficiency","score":0.9890000224113464},{"id":"https://openalex.org/keywords/cointegration","display_name":"cointegration","score":0.9879999756813049},{"id":"https://openalex.org/keywords/spot-exchange-rates","display_name":"spot exchange rates","score":0.9150000214576721},{"id":"https://openalex.org/keywords/exchange-rate-predictability","display_name":"exchange rate predictability","score":0.46799999475479126},{"id":"https://openalex.org/keywords/long-run-relationship","display_name":"long-run relationship","score":0.30799999833106995}],"concepts":[{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.9444940090179443},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7210796475410461},{"id":"https://openalex.org/C536366893","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange market","level":3,"score":0.7067692279815674},{"id":"https://openalex.org/C2983132609","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange","level":2,"score":0.7014786601066589},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.5941327810287476},{"id":"https://openalex.org/C3019931467","wikidata":"https://www.wikidata.org/wiki/Q4917","display_name":"Us dollar","level":3,"score":0.5287967324256897},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5122115015983582},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5066693425178528},{"id":"https://openalex.org/C82843974","wikidata":"https://www.wikidata.org/wiki/Q205231","display_name":"Interest rate parity","level":3,"score":0.48886364698410034},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4050143361091614},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3488394320011139},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.07480907440185547}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/0165-1765(89)90174-2","doi":"https://doi.org/10.1016/0165-1765(89)90174-2","is_oa":false,"landing_page_url":"https://doi.org/10.1016/0165-1765(89)90174-2","pdf_url":null,"source":{"id":"https://openalex.org/S36178057","display_name":"Economics Letters","issn_l":"0165-1765","issn":["0165-1765","1873-7374"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economics Letters","raw_type":"journal-article"},{"id":"pmh:oai:eprints.gla.ac.uk:108858","doi":null,"is_oa":false,"landing_page_url":"https://eprints.gla.ac.uk/108858/","pdf_url":null,"source":{"id":"https://openalex.org/S4210235606","display_name":"ENLIGHTEN (Jurnal Bimbingan dan Konseling Islam)","issn_l":"2622-8912","issn":["2622-8912","2622-8920"],"is_oa":false,"is_in_doaj":true,"is_core":false,"listed_in":["doaj"],"host_organization":"https://openalex.org/I4405259220","host_organization_name":"Institut Agama Islam Negeri Langsa","host_organization_lineage":["https://openalex.org/I4405259220"],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Articles"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.4399999976158142,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W1896992559","https://openalex.org/W1975994995","https://openalex.org/W1976746239","https://openalex.org/W1978027441","https://openalex.org/W2014405898","https://openalex.org/W2030441490","https://openalex.org/W2049287603","https://openalex.org/W2064508772","https://openalex.org/W2084600077","https://openalex.org/W2094088256","https://openalex.org/W2095364399","https://openalex.org/W2110603299","https://openalex.org/W2259265285","https://openalex.org/W2331592359","https://openalex.org/W3015297855","https://openalex.org/W3122251708","https://openalex.org/W4230644069"],"related_works":["https://openalex.org/W1981653114","https://openalex.org/W152295762","https://openalex.org/W2902440196","https://openalex.org/W2071103003","https://openalex.org/W7037921744","https://openalex.org/W1995403526","https://openalex.org/W1984757850","https://openalex.org/W2471366574","https://openalex.org/W2384998066","https://openalex.org/W4367851855"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":5},{"year":2014,"cited_by_count":8},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}