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The random walk hypothesis for Chinese stock markets: Evidence from variance ...
This study examines the random walk hypothesis for the Shanghai and Shenzhen stock markets for both A and B shares, using daily data over the period 1992-2007. The... -
Testing for random walk behavior in euro exchange rates
This study examines the random walk behavior of major Euro exchange rates. The hypothesis is tested with new variance ratio tests based on power transformation and... -
The efficiency of the crude oil markets: Evidence from variance ratio tests
This study examines the random walk hypothesis for the crude oil markets, using daily data over the period 1982-2008. The weak-form efficient market hypothesis for two...
