Financial Market Efficiency
Eugene Fama, Financial market, Efficient-market hypothesis
978-613-9-66442-9
613966442X
96
2012-01-14
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In the 1970s Eugene Fama defined an efficient financial market as "one in which prices always fully reflect available information”. The most common type of efficiency referred to in financial markets is the allocative efficiency, or the efficiency of allocating resources. This includes producing the right goods for the right people at the right price. A trait of allocatively efficient financial market is that it channels funds from the ultimate lenders to the ultimate borrowers in a way that the funds are used in the most socially useful manner.
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