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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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
1995.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 1995/058 |
| 在线阅读: | Full text available on IMF |