The Role of Public Information on the Efficiency of Financial Markets
View/ Open
Metadata
Show full item recordcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
comunitat-uji-handle4:
TFG-TFMMetadata
Title
The Role of Public Information on the Efficiency of Financial MarketsAuthor (s)
Tutor/Supervisor
Camacho Cuena, EvaTutor/Supervisor; University.Department
Universitat Jaume I. Departament d'EconomiaDate
2014Publisher
Universitat Jaume IAbstract
The current economic situation has sparked a debate about the role of the rating agencies in market performance. A crucial issue in the operation of this financial system is the way in which private and public infor ... [+]
The current economic situation has sparked a debate about the role of the rating agencies in market performance. A crucial issue in the operation of this financial system is the way in which private and public information is generated, distributed and used and how it is incorporated into asset prices. In this study we use laboratory experiment to investigate the role of public information on the efficiency of financial markets. The main focus of the paper is to analyse if the presence of imperfect and exogenous private and public information improve o reduces market efficiency. We conclude that the introduction of a public signal with high quality than private signals, and the release of more public information improve price efficiency. Presence of public signals ensures an efficient transmission of information so market converges to the efficient equilibrium. It is observe that public information coordinates trading activity. [-]
Description
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic 2013-2014
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
This item appears in the folowing collection(s)
- Grau en Economia [292]
The following license files are associated with this item: