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The issue of informational efficiency in the evolution of asset prices is examined using data on...

This paper shows that emerging market equity prices are influenced by growing global factors, and...

This paper investigates empirically the degree of international integration of industrial and...

In this paper we explore some of the informational problems that constrain the development of...

Since the mid-1980s, there has been a very substantial increase in stock market activity in many...

The Global Financial Stability Report identifies potential fault lines in the global financial...