Journal ArticleDOI
The Efficient Market Hypothesis and the Stock Market Crash A Random Walk With an Occasional Surprise
TLDR
In the first of a regular new series of Special Briefs which will review developments in economic theory and their practical implications, Dr Alexandra Hardie of Exeter university explains and analyses the efficient market hypothesis as discussed by the authors.Abstract:
In the first of a regular new series of Special Briefs which will review developments in economic theory and their practical implications, Dr Alexandra Hardie of Exeter university explains and analyses the efficient market hypothesis.read more
Citations
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Davranisal fnans etkn pyasalara kari: airi tepk hpoteznnmkb'de aratirilmasi
TL;DR: In this paper, the authors examined the validity of overreaction hypothesis and whether the contrarian investment strategy is useful to earn supernormal returns in different indexes of ISE, and concluded that results which support Overreaction Hypothesis and the effectiveness of contrarian strategies were found in all indexes except ISE 30 Index.
References
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Journal ArticleDOI
The 1987 US Stock Market Crash
TL;DR: Schwartz as mentioned in this paper argues that the 1987 crash will only be followed by a severe recession if the Federal Reserve allows a collapse of the money supply as it did in the early 1930s.
Book ChapterDOI
Market Efficiency for Financial Futures and Options
TL;DR: The world-wide collapse in share prices of October, 1987, has caused commentators to claim that share markets and other financial markets are not efficient, and that the existence of financial futures and options markets tends to destabilise prices of shares and other assets as mentioned in this paper.
Journal ArticleDOI
Program Trading and Stock Index Futures: Blessing or Bane?
TL;DR: In this paper, the authors claim that program trading and stock index futures and options have not added to volatility and that regulation could well increase it, and they also point out that regulation may increase volatility.