文章基本信息

标题：Is the Brazilian stockmarket efficient?
本地全文：下载
作者：Sergio Da Silva ; Roberto Meurer ; Caio Guttler 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2008
卷号：7
出版社：Economics Bulletin
摘要：Employing both cointegration analysis and a variety of Granger causality tests, we examine whether the Brazilian stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the stockmarket to be inefficient, which is in line with most results for other emerging markets.