Detail publikace

Temporary Inefficiency of Financial Markets

LUHAN, J. NOVOTNÁ, V. BUDÍK, J.

Originální název

Temporary Inefficiency of Financial Markets

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

The aim of the paper is not to prove or disprove a long-standing efficient market hypothesis (EMH) but to point out specific market situations leading to temporary inefficiency of financial markets. The paper focuses on FOREX market, in particular on the world financial instrument EUR.USD with the highest liquidity. A hypothesis has been proved claiming that in certain situations market can be inefficient, which leads to external profit for speculators using the lever effect to maximize profits. A simple running average and the difference between its two periods have been used in order to quantify the market anomaly.

Klíčová slova

Statistical evaluation, applicants preferences, marketing strategy, public sphere

Autoři

LUHAN, J.; NOVOTNÁ, V.; BUDÍK, J.

Rok RIV

2012

Vydáno

9. 5. 2012

Nakladatel

IBIMA publishing

Místo

Istambul

ISBN

978-0-9821489-7-6

Kniha

Innovation and Sustainable Economic Competitive Advantage From Regional Development to World Economies

Strany od

1272

Strany do

1279

Strany počet

8

BibTex

@inproceedings{BUT93878,
  author="Jan {Luhan} and Veronika {Novotná} and Jan {Budík}",
  title="Temporary Inefficiency of Financial Markets",
  booktitle="Innovation and Sustainable Economic Competitive Advantage From Regional Development to World Economies",
  year="2012",
  pages="1272--1279",
  publisher="IBIMA publishing",
  address="Istambul",
  isbn="978-0-9821489-7-6"
}