Informational Efficiency in Developing Equity Markets /

The issue of informational efficiency in the evolution of asset prices is examined using data on equity markets in Jordan, Turkey and Pakistan over the period 1986-93. The analysis is carried out in two steps. The parameters of agents' dynamic consumption and investment decisions are first esti...

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Bibliografische gegevens
Hoofdauteur: McDermott, C.
Andere auteurs: Cashin, Paul
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 1995.
Reeks:IMF Working Papers; Working Paper ; No. 1995/058
Online toegang:Full text available on IMF