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Selected Works of Sergio Da Silva
Article
The Relative Efficiency of Stockmarkets
Economics Bulletin (2008)
  • Ricardo Giglio
  • Raul Matsushita, University of Brasilia
  • Sergio Da Silva
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Abstract
Financial economists usually assess market efficiency in absolute terms. This is a shortcoming. One way of dealing with the relative efficiency of markets is to resort to the efficiency interpretation provided by algorithmic complexity theory. This paper employs such an approach in order to rank 36 stock exchanges and 37 individual company stocks in terms of their relative efficiency.
Keywords
  • Financial efficiency,
  • Stock markets
Disciplines
Publication Date
April, 2008
Publisher Statement
Economics Bulletin is open access
Citation Information
Ricardo Giglio, Raul Matsushita and Sergio Da Silva. "The Relative Efficiency of Stockmarkets" Economics Bulletin Vol. 7 Iss. 6 (2008)
Available at: http://works.bepress.com/sergiodasilva/5/