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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: McDermott, C.
Awduron Eraill: Cashin, Paul
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 1995.
Cyfres:IMF Working Papers; Working Paper ; No. 1995/058
Mynediad Ar-lein:Full text available on IMF