Bec, Frédérique; Youssef, Emma Ben; Salem, Mélika Ben - In: Revue Économique 48 (1997) 4, pp. 921-936
[eng] An empirical testing of exchange market efficiency hypothesis . . This paper develops an empirical analysis of the exchange market efficiency hypothesis, based on its implications for the VAR representation. It proposes an extension of the existing tests. Using daily data for the main...