This paper attempts to reconcile the differences in previous studies of the tests of foreign exchange market efficiency. The results show that the market efficiency tests depend on the choice of model between the level and the percentage change specifications. Cointegration testing results and...

The Mexican economy is a contemporary political flashpoint, and not just in Mexico, but in the United States, as well. Yet few people understand it in its full complexity, and fewer still understand the social, cultural, and historical factors that have helped to make it what it is today and...