... on 10,140 firm-year observations over seven years from 2011 to 2017 was conducted. These data points were drawn from four Asian countries (Malaysia, Thailand, Singapore and Hong Kong). Findings This study indicates that developed stock exchange markets among Asian markets such as Singapore and Hong Kong...

... and Thai baht in which their economies and currency were hard hit by the crisis. Keyword: Long-term dependence; Rescaled range analysis; Hurst exponent; Asian markets INTRODUCTION The long-range dependence of exchange rate changes has been found in the literature (Booth et al. (1982), Hsieh (1989), Cheung...