According to the weak-form efficiency
current foreign exchange rates reflect information available in past exchange rates.
in the Nigerian Stock Exchange.
In order to test the weak-form efficiency
of the Romanian capital market and different aspects regarding the behavior of financial assets, we have used daily closing prices for the BET Index, for the period starting from the 22th of September, 1997, and ending to the 10th of July, 2015.
Emerging markets also exhibited weak-form efficiency
This is a condition required for a set of survey expectational series to meet the term of weak-form efficiency
Analysis of Weak-Form Efficiency
on the Nigerian Stock Market: Further Evidence from GARCH Model.
occurs when past stock prices cannot be used to predict future stock prices (Magnusson and Wydick, 2002).
when prices reflect all information contained in past trading,
Pakistan's equity market being an emerging market, it seems appropriate to test for weak-form efficiency
uses the information in past stock prices to form portfolios of the assets.
However, the fact that one recognizes the existence of a pattern in the NYSE large-firm portfolio raises questions about the weak-form efficiency
of this market.
This paper provides a summary of results from tests of weak-form efficiency
and a partial-equilibrium model to identify the determinants of black market exchange rates.