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This paper examines the implications of recent research on monetary policy rules for practical monetary policy making, with special emphasis on strategies for setting interest rates by the European ...
华中科技大学投资学课件Chapter11 Market Efficiency
We examine how cross-country differences in product, capital, and labor market competition, and government efficiency affect the rate of mean reversion of corporate profitability. Using a sample of 42...
IMF policies have been widely criticized in the aftermath of the Asian crisis. Key critics questioned the appropriateness and the sequencing of financial liberalization programs which, along with insu...
Data envelopment analysis (DEA) is a non-parametric method for measuring the efficiency and productivity of decision-making units (DMUs). On the other hand data mining techniques allow DMUs to explore...
Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from em...
A dynamical model is introduced for the formation of a bullish or bearish trends driving an asset price in a given market. Initially, each agent decides to buy or sell according to its personal opin...
We study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with diffe...
This study develops a multivariate discriminant model to differentiate between low efficiency and high efficiency community banks (less than $1 billion in total assets) based upon the efficiency rati...
The purpose of this study is to test market efficiency with respect to merger and acquisition announcements using standard event study methodology. Specifically, this study analyzes the effects of U...
The present paper traces the trends in the development of the Bulg arian banking system focusing on the dynamics of bank efficiency. A lthough the financial crisis in 1996 - 1997 and the following shi...
We investigated financial market data to determine which factors affect information flow between stocks. Two factors, the time dependency and the degree of efficiency, were considered in the analysis...
The paper examines the efficiency of Bulgarian banks and its determinants over the period 1999-2007. The levels of technical, allocative, and cost efficiency are first estimated using a nonparametr...

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