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The Efficiency of Financial Markets

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Abstract

One of the largest areas of research and interest in finance concerns the efficiency of financial markets. There have been studies of the efficiency of bond markets, the foreign exchange market, the stockmarket and more recently of derivative markets such as the options and futures market. In this chapter we restrict ourselves to examining the efficiency of stockmarkets.

Keywords

Financial Market Excess Return Share Price Fund Manager Earning Announcement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Further reading

  1. Campbell, J.W., Lo, A.W. and MacKingley, A.C. (1997) The Econometrics of Financial Markets Princeton University Press.Google Scholar
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  3. Shiller, R.J. (2001) Irrational Exuberance Princeton University Press.Google Scholar

Chapter 10: The Efficiency of Financial Markets

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© Keith Pilbeam 2005

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