Diniz-Maganini, Natalia; Rasheed, Abdul M. A.; Sheng, … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-10
of BRICS countries, with South Africa the most efficient and China the least efficient. Based on daily exchange rates …In this paper, we analyze BRICS countries' long-term exchange rate market efficiency. Our analysis, using multifractal … detrended fluctuation analysis (MFDFA) for the 2009-2021 period, shows considerable differences in the exchange rate efficiency …