Resumen

RAMIREZ-ROMAN, Armando  y  MARTINEZ-DAMIAN, Miguel Á.. Future dollar market efficiency in México. agric. soc. desarro [online]. 2005, vol.2, n.1, pp.47-50. ISSN 1870-5472.

An inefficient market can result in systematic losses for its players. Hence, in this research, it is tested the efficiency of the market dollar future in México. The results show that the aforementioned derivative market, operated at the (MEXDER), is efficient. This is obtained after applying the rational expectations approach proposed by Mckenzie and Holt (1988) and the cointegration principle proposed by Engle and Granger (Greene, 1999). To achive efficiency in the exchange market implies the establishment of competitive headging on exchange range variations.

Palabras llave : Hedge; cointegration; risk.

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