Day-of-the-week effect on Romanian foreign exchange market during quiet and turbulent times

  • Razvan Stefanescu "Dunarea de Jos" University of Galati
  • Ramona Dumitriu
Keywords: DOW Effect; persistence in time of the calendar anomalies; Romanian foreign exchange market

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.

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Published
2022-12-29
How to Cite
Stefanescu, R., & Dumitriu, R. (2022). Day-of-the-week effect on Romanian foreign exchange market during quiet and turbulent times. Vanguard Scientific Instruments in Management, 18. Retrieved from https://www.vsim-journal.info/index.php?journal=vsim&page=article&op=view&path[]=304
Issue
Vol 18 (2022): Vanguard Scientific Instruments in Management
Section
Articles
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