Day-of-the-week effect on Romanian foreign exchange market during quiet and turbulent times
Day-of-the-week effect on Romanian foreign exchange market during quiet and turbulent times
Author(s): Razvan Stefanescu, Ramona DumitriuSubject(s): Economy, Financial Markets
Published by: Евдемония Продъкшън ЕООД
Keywords: DOW Effect; persistence in time of the calendar anomalies; Romanian foreign exchange market
Summary/Abstract: Some calendar anomalies could have different characteristics during quiet and turbulent times. This paper approaches the behavior of day-of-the-week (DOW) effect on the Romanian foreign exchange market for three periods: January 2010 - December 2014, January 2015 - December 2019 and January 2020 - August 2022. The results suggest there were differences between characteristics of the DOW effect in quiet and turbulent circumstances.
Journal: Vanguard Scientific Instruments in Management
- Issue Year: 18/2022
- Issue No: 1
- Page Range: 28-37
- Page Count: 9
- Language: English
