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This paper examines the efficiency of the Stock Exchange of Singapore and the relationship...

Despite concerns are often voiced on the so called "excess volatility" of the stock market,...

The financial press frequently suggest that the shape of yield curve reflects information about...

Can fundamentals account for the recent performance of the U.S. stock market? The price/earnings...

The IMF Working Papers series is designed to make IMF staff research available to a wide...

In this paper, we derive evidence on the integration of international stock markets from the...