Some Joint Tests of the Efficiency of Markets for Forward Foreign Exchange
The Review of Economics and StatisticsPublished 1 August 1979
John Geweke, Edgar L. Feige
Citations150
SJR quartileQ1
SJR score7.42
SNIP3.25
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Abstract
The validity of the rational-expectations hypothesis as applied to prices in active auction markets has been extensively tested. Numerous investigators have analyzed an enormous amount of data using many different statistical techniques, and no serious departure from the predictions of the hypothesis has been found. Thus, there is very strong evidence in favor of the hypothesis. (Poole, 1976, p. 467)
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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