Informational efficiency of the clandestine and official gold markets in Paris

For gold, moving from clandestine to official trading does not significantly change informational efficiency. Both markets are inefficient suggesting that efficiency is linked more to the type of asset than to the legal status of the market.

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Year of publication:	2015
Authors:	Gallais-Hamonno, Georges ; Hoang, Thi-Hong-Van ; Oosterlinck, Kim
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 126.2015, C, p. 28-30
Publisher:	Elsevier
Subject:	Efficient market hypothesis \| Paris clandestine gold market \| World War II

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Type of publication:	Article
Classification:	G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011189547