The Role of Public Information on the Efficiency of Financial Markets
Visualitza/
Metadades
Mostra el registre complet de l'elementcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/111700
comunitat-uji-handle4:
TFG-TFMMetadades
Títol
The Role of Public Information on the Efficiency of Financial MarketsAutoria
Tutor/Supervisor
Camacho Cuena, EvaTutor/Supervisor; Universitat.Departament
Universitat Jaume I. Departament d'EconomiaData de publicació
2014Editor
Universitat Jaume IResum
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. [-]
Paraules clau / Matèries
Descripció
Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic 2013-2014
Tipus de document
info:eu-repo/semantics/bachelorThesisDrets d'accés
info:eu-repo/semantics/openAccess
Apareix a les col.leccions
- Grau en Economia [292]
Els següents fitxers sobre la llicència estan associats a aquest element: