Testing the unbiasedness hypothesis in the forward foreign exchange market: A specification analysis

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation

1982 • 19,770 citations

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

Maximum Likelihood Estimation of Misspecified Models

1982 • 3,838 citations

Maximum Likelihood Estimation of Misspecified Models

1983 • 3,727 citations

Tests for Specification Errors in Classical Linear Least-Squares Regression Analysis

1969 • 3,017 citations

Forward and spot exchange rates

1984 • 2,213 citations

Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis

1980 • 2,192 citations

ON THE EFFICIENCY OF COMPETITIVE STOCK MARKETS WHERE TRADES HAVE DIVERSE INFORMATION

1976 • 1,388 citations

Information and Competitive Price Systems

1976 • 902 citations

Testing for Higher Order Serial Correlation in Regression Equations when the Regressors Include Lagged Dependent Variables

1978 • 729 citations

Conditional variance and the risk premium in the foreign exchange market

1985 • 512 citations

Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s

1981 • 488 citations

Flexible Exchange Rates, Prices and the Role of ‘News’: Lessons from the 1970s

1982 • 446 citations

The "Speculative Efficiency" Hypothesis

1981 • 440 citations

Diagnostic tests as residual analysis

1983 • 436 citations

Exchange rates and international macroeconomics

1984 • 403 citations

Sharing rules and equilibrium in an international capital market under uncertainty

1976 • 401 citations

International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence

1982 • 379 citations

An investigation of risk and return in forward foreign exchange

1984 • 332 citations

In search of the exchange risk premium: A six-currency test assuming mean-variance optimization

1982 • 313 citations

Risk Averse Speculation in the Forward Foreign Exchange Market: An Econometric Analysis of Linear Models

1983 • 294 citations

On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information

1976 • 242 citations

Testing for Neglected Heterogeneity

1984 • 206 citations

Testing Rational Expectations and Efficiency in the Foreign Exchange Market

1983 • 187 citations

The Economics of exchange rates : selected studies

1978 • 169 citations

Tests of rational expectations and no risk premium in forward exchange markets

1984 • 158 citations

Futures Trading, Rational Expectations, and the Efficient Markets Hypothesis

1981 • 151 citations

Some Joint Tests of the Efficiency of Markets for Forward Foreign Exchange

1979 • 150 citations

International economic policy: Theory and evidence

1980 • 134 citations

Testing the Efficiency of the Canadian‐U.S. Exchange Market under the Assumption of no Risk Premium

1981 • 130 citations

Tests of Rational Expectations in the Forward Exchange Market

1980 • 120 citations

The information matrix test

1983 • 101 citations

Analysis of Short-Run Exchange Rate Behavior March, 1973 to September, 1975

1976 • 89 citations

Expectations and the Forward Exchange Rate

1981 • 88 citations

Stochastic prices and tests of efficiency of foreign exchange markets

1980 • 83 citations

Testing the Efficiency of the Canadian-U.S. Exchange Market under the Assumption of no Risk Premium

1981 • 64 citations

Diverse Information and Market Efficiency in a Monetary Model of the Exchange Rate

1981 • 22 citations

The Dynamics of Spot and Forward Prices in an Efficient Foreign Exchange Market with Rational Expectations

1980 • 20 citations

Exchange Rate and Trade Instability: Causes, Consequences, and Remedies

1984 • 19 citations

Tests of Rational Expectations and No Risk Premium in Forward Exchange Markats

1982 • 8 citations

Incomplete information and the equilibrium determination of the forward exchange rate

1982 • 5 citations