SIMPLE FOREIGN-EXCHANGE MARKET-EFFICIENCY REVISITED

Authors
LIGERALDE AV
Citation
Av. Ligeralde, SIMPLE FOREIGN-EXCHANGE MARKET-EFFICIENCY REVISITED, Economics letters, 46(3), 1994, pp. 257-262
Citations number
16
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
46
Issue
3
Year of publication
1994
Pages
257 - 262
Database
ISI
SICI code
0165-1765(1994)46:3<257:SFMR>2.0.ZU;2-Y
Abstract
We present empirical evidence supporting the conjecture that rejection s of the simple foreign exchange market efficiency hypothesis could re sult from the use of statistical tests that, while asymptotically vali d, may have poor finite sample properties.