Informational efficiency of the clandestine and official gold markets in Paris

Georges Gallais-Hamonno; Thi-Hong-Van Hoang; Kim Oosterlinck

doi:10.1016/j.econlet.2014.11.013

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Informational efficiency of the clandestine and official gold markets in Paris

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Informational efficiency of the clandestine and official gold markets in Paris

Georges Gallais-Hamonno, Thi-Hong-Van Hoang et Kim Oosterlinck

Economics Letters, Vol.126, pp.28-30

01/2015

DOI: https://doi.org/10.1016/j.econlet.2014.11.013

Résumé

World War II

Paris clandestine gold market

Efficient market hypothesis

G - Financial Economics/G.G1 - General Financial Markets/G.G1.G14 - Information and Market Efficiency • Event Studies • Insider Trading

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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Détails

Titre: Informational efficiency of the clandestine and official gold markets in Paris
Créateurs - sans rôle: Georges Gallais-Hamonno - Université d'Orléans
Thi-Hong-Van Hoang - Université de Montpellier, Montpellier Recherche en Management - MRM
Kim Oosterlinck - Université Libre de Bruxelles
Détails de publication: Economics Letters, Vol.126, pp.28-30
Identifiants: 99152760909311
Unité académique: Montpellier Recherche en Management - MRM
Langue: English
Type de ressource: Journal article
Champs locaux: hal-02009842