The Warsaw Stock Exchange: A Test of Market Efficiency

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Barry Gordon; Libby Rittenberg;
  • Journal: Comparative Economic Studies,volume 37,issue 2 July,pages1-27

This paper analyzes the behavior of the Warsaw Stock Exchange in light of the efficient market hypothesis (EMH) and alternative models of market inefficiency. Following a brief history of the Warsaw Stock Exchange and a discussion of EMH and the Shiller (1991) critique,... View more
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