Weak-Form Efficiency of The GCC Markets Applying Selected Statistical Tests Rengasamy Elango‚ Mohammed Ibrahim Hussein This paper tests for market efficiency across the seven stock markets in the GCC (Gulf Co-operation Council) countries. The GCC countries‚ of late‚ have been striving to strengthen their capital markets by introducing various innovative changes in relation to listing‚ regulatory‚ trading and settlement norms in order to improve transparency and informational efficiency. Using daily
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1. What is capital-market efficiency? What are its implications for investment performance in general? What are the implications for fund managers‚ if the market exhibits characteristics of strong‚ semi-strong‚ or weak efficiency? Capital-market efficiency evolved from the PhD in the 1960s dissertation by Eugene Fama. The Efficient Market Hypothesis‚ states that at any given time and in a liquid market‚ the prices of securities fully reflect all the available information. EMH exists to varying degrees
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There’s an opinion which says that money brings happiness. Some people agree with it‚ others not. The discussion has lasted for a long time and still there are different points of view about it. Nowadays‚ we can divide our society into two groups of people: those whose life is centered around money and others who know that there are more important things than being rich. The latter are aware that wealthy people often aren’t able to have a real friend. People who surround the wealthy‚ are only
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Dildora Sotimova 8-239 Mr.Cannavale 3/15/15 Should America get involved with ISIS? ‘’ISIS is known for killing millions of innocent people to turn them into Muslims. Or those who are standing in the way from their main goal – to create an Islamic State. ‘’(Wikipedia) America should get involved with this movement because we are known for helping others in need and those who’s rights are being taken away. The group currently controls hundreds of square miles. It ignores
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There is no convincing case for a written constitution in Britain. Discuss. Every country needs a constitution to know the rules in which they need to abide by and the principles that the governors govern by. Unlike America and France‚ Britain does not have a written constitution. This in turn can cause problems for both the citizens and government when a difficult situation comes about and the rules in which need to be followed cannot be referred to as they are not in one single document. An example
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It is truly undeniable that in this science and technology millennium‚ we can hardly live without money. Even buying something small such as sweet will cost you some money. However‚ this does not mean that money can buy happiness‚ unlike the misconception of most people in the world. In fact‚ wealth is a far cry from happiness. If you disagree with me‚ let’s look at the reasons for my stand. While it’s true that having money can make life easier—I mean what’s easier than spending all day
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Topic 6: Externalities and Public Goods An externality is created when the actions of participants in a private market affect the well being of someone not directly associated with that market. Consider the market for paper. Paper creates a byproduct in its production called dioxin. Dioxin affects innocent bystanders by causing cancer and birth defects. This is a negative externality in production because the paper firm doesn’t consider this cost to society when making production decisions
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Hope Lynn Herrmann Essay 2 American Government Why do democratic governments need political parties? Why does the United States have only two major parties? Name and explain the major factors influencing how many political parties exist in US politics. Under what circumstances could a viable third party emerge to challenge the Democrats and Republicans? Would you rather have more than a two (major) party system‚ and if so‚ why? Democratic governments have been in existence for thousands of
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The Spanish American War is one of the most prominent wars in U.S. history. The war began on April 21‚ 1898 due to many different reasons. The real questions is‚ for what reasons did the U.S. get involved in this war? Well‚ the Spanish American War began due to the fight for Cuban independence‚ Yellow Journalism‚ the Spanish governor’s response to Cuban rebels‚ the De Lôme letter‚ and the sinking of the U.S.S. Maine. The first factor was the fight for cuban independence. Jose Marti‚ a Cuban
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which has more solid empirical evidence supporting it than the Efficient Market Hypothesis.” The term ‘Efficient Market Hypothesis’ (EMH) is concerned with the behavior of prices in asset markets. It was initially applied to the stock market‚ but the concept was soon generalized to other asset markets. EMH has also been a subject of debate since its inception in the 1960s. INTRODUCTION This essay critically discusses’ A market is efficient with respect to a particular set of information if it is
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