Unraveling the impact of Iranian currency exchange on central bank digital currency: navigating through history-oriented bias

Majid Lotfi Ghahroud; Farzad Jafari; Saeid Tajdini; Mohammad Farajnezhad; Mohammad Qezelbash

Volume 3, Issue 2 , December 2023, , Pages 129-148

https://doi.org/10.22054/jmmf.2024.75347.1102

Abstract
  This study examines the dynamics of the Iranian foreign exchange market and its impact on the exchange rate used by traders, and not the official rate in Iran. The study aims to extend Fama's theory of market efficiency and proposes a new model to define the opposite point called "Historical bias". The ...  Read More