FN1024 Summary of Chapter 9 - Financial markets - transmission of information

PRINCIPLES OF BANKING
AND FINANCE
- Chapter 9: Transmission of information -

Note: We suggest first studying this chapter from the Subject
Guide. Notes for ch9 are based on the guide + extra exam material.




Good luck studying!


short manual:
- includes a graph
- includes a schema/diagram
- includes an introduction
- includes additional information that
is not in the main textbook updated: 21/04/2018

, CONTENTS
CHAPTER 9: FINANCIAL MARKETS - TRANSMISSION OF INFORMATION
- Notes based on the Subject guide and extra exam material -
9.1. Types of efficiency
9.2. Deriving the efficient market hypothesis
9.3. Excess return
9.4. Joint (dual) hypothesis problem of EMH
9.5. Forms of market efficiency (by Fama, 1970)
9.6. Empirical evidence for and against weak-form efficiency
9.7. Empirical evidence for and against semi-strong-form efficiency
9.8. Empirical evidence for and against strong-form efficiency