This paper re-examines the cyclical behaviour of prices in nine countries over long historical periods extending in some cases between the late 1800s and the early 1990s. By evaluating the existing empirical evidence on this issue it is found that the results are sensitive to a number of factors...

An ARDL model is estimated and subsequently used to forecast the exchange rate of the Kuwaiti dinar (KD) against the U.S. dollar. It is demonstrated that this exchange rate is related to the exchange rates of the yen, mark and pound against the dollar in accordance with the arrangement of...

Within-market and cross-sectional efficiency are tested using the exchange rates of the Kuwaiti dinar (KD) against the four major currencies which are believed to be the components of the basket to which this currency is pegged. The empirical results, which support both kinds of efficiency, are...