Weak-form Market Efficiency and Calendar Anomalies for Eastern Europe Equity Markets

Weak-Form Efficiency In The German Stock Market

Weak-form market efficiency in Asian emerging and developed equity markets: Comparative tests of random walk behaviour

This paper examines the weak-form market efficiency of Asian equity markets. Daily returns for ten emerging (China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Sri Lanka, Taiwan and Thailand) and five developed markets (Australia, Hong Kong, Japan, New Zealand and Singapore) are examined for random walks using serial correlation coefficient and runs tests, Augmented Dickey-Ful...

weak-form efficiency in the german stock market

Market efficiency and the returns to simple technical trading rules: new evidence from U.S. equity market and Chinese equity markets

Numerous studies in the finance literature have investigated technical analysis to determine its validity as an investment tool. This study is an attempt to explore whether some forms of technical analysis can predict stock price movement and make excess profits based on certain trading rules in markets with different efficiency level. To avoid using arbitrarily selected 26 trading rules as did...

Equity and Efficiency under Imperfect Credit Markets

Recent macroeconomic research discusses credit market imperfections as a key channel through which inequality retards growth. Limited borrowing prevents the less affluent individuals from investing the efficient amount, and the inefficiencies are considered to become stronger as inequality rises. This paper, though, argues that higher inequality may actually boost aggregate output even with con...