Stock market inefficiency has important implications for both investors and authorities. In an inefficient market investors should doubt the strategy quot;hold-the-marketquot; and adopt the strategy quot;beat-the-marketquot; to pickup the winners. In the mean while the authorities on their part...

Market efficiency has influence on the investment strategy of investors because if a market is efficient no one can benefit from information advantage as there is no consistently under performing securities while they deserve higher prices. On the other hand, if a market is inefficient there is...

This paper aims to analyse the dynamics of foreign exchange markets in a country facing political uncertainty that prompt capital outflow from the country. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign...

The purpose of this paper is to evaluate the cost of deposit insurance premium and assess moral hazard behaviour in the banking sector in Sudan. The analysis of moral hazard in this paper is based on two types of risks, credit risk, and technical efficiency risk (managerial efficiency). The...