Abstract
Factors affecting the market for securities are reviewed, special attention being given to economic forces and government controls. In the light of this discussion the possibilities for forecasting future general trends in market prices are considered. Particular attention is given to the effect of inflation — both at low stable rates and at accelerating rates — on prices and yields of securities. A brief review of the sources of information available to investors follows, and the chapter concludes with an account of the role of the Stock Exchange and a summary of its more important procedures.
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Further Reading
R. Bacon and W. Eltis, Britain’s Economic Problem: Too Few Producers (London: Macmillan, 1976).
W. J. Baumol, The Stock Exchange and Economic Efficiency (Fordham University Press, 1965).
H. D. Berman, The Stock Exchange (London: Pitman, 1973).
R. J. Briston, The Stock Exchange and Investment Analysis (London: Allen & Unwin, 1975).
P. Donaldson, Economics of the Real World (Harmondsworth: Penguin, 1973).
W. Eltis, ‘The Failure of the Keynesian Conventional Wisdom’, Lloyds Bank Review, October 1976.
J. K. Galbraith, Money (Harmondsworth: Penguin, 1975).
T. G. Goff, Theory and Practice of Investment (London: Heinemann, 1975).
R. Heller, The Naked Investor (London: Weidenfeld & Nicolson, 1976).
K. Midgley, Companies and their Shareholders: the Uneasy Relationship (London: Institute of Chartered Secretaries and Administrators, 1975).
J. Pen, Modern Economics (Harmondsworth: Penguin, 1967).
A. P. Thirlwall, ‘The U.K.’s Economic Problem: A Balance of Payments Constraint?’, National Westminster Bank Quarterly Review, February 1978.
For a list of Stock Exchange publications, write to The Public Relations Department, The Stock Exchange, London EC2N 1HP.
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© 1979 Kenneth Midgley and Ronald G. Burns
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Midgley, K., Burns, R.G. (1979). Market Behaviour and the Stock Exchange. In: Business Finance and the Capital Market. Palgrave, London. https://doi.org/10.1007/978-1-349-16186-7_15
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DOI: https://doi.org/10.1007/978-1-349-16186-7_15
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-26452-2
Online ISBN: 978-1-349-16186-7
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