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...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1995.
|
| Series: | IMF Working Papers; Working Paper ;
No. 1995/058 |
| Online Access: | Full text available on IMF |