THE EFFICIENCY OF THE INTERNATIONAL MONEY MARKETS: A REPLY
Abstract
In their original article, McInish and Puglisi (1982) examine the weak form efficiency of nineteen international money market instruments using a runs test. Taylor asserts that on theoretical grounds other tests would have been better. McInish and Puglisi argue that their tests were satisfactory and that until empirical evidence is offered the economic significance of Taylor's claims is uncertain (at best). Copyright © 1984, Wiley Blackwell. All rights reserved
Publication Title
Journal of Business Finance & Accounting
Recommended Citation
Mcinish, T., & Puglisi, D. (1984). THE EFFICIENCY OF THE INTERNATIONAL MONEY MARKETS: A REPLY. Journal of Business Finance & Accounting, 11 (4), 583-584. https://doi.org/10.1111/j.1468-5957.1984.tb00774.x
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