Análisis del grado de eficiencia débil en algunos mercados financieros europeos. Primer impacto del COVID-19
Loading...
Publication date
Advisors
Department
Research group
Center
Metrics
Export
Abstract
En este artículo se evalúa el grado de cumplimiento de la hipótesis de
eficiencia débil en los mercados financieros de España, Alemania, Francia e
Italia en el período 1 de enero de 2010 a 15 de mayo de 2020. Los resultados
indican que los mercados analizados son eficientes en la forma que establece
el paseo aleatorio 3 si bien el español es el que muestra menor grado de
eficiencia. Los cuatro mercados presentan la mayor volatilidad del período a
mediados de marzo de 2020, tras la declaración de la pandemia del COVID-19
por la OMS
In this paper is evaluated the degree of fulfilment of the hypothesis of weak efficiency in the financial markets of Spain, Germany, France and Italy, from 1st January 2010 to 15th May 2020. The results show that the markets are efficient in the form established by the random walk 3. On the other hand, all the markets show their highest volatility in the middle of March 2020, just after the WHO declared the COVID-19 pandemic
In this paper is evaluated the degree of fulfilment of the hypothesis of weak efficiency in the financial markets of Spain, Germany, France and Italy, from 1st January 2010 to 15th May 2020. The results show that the markets are efficient in the form established by the random walk 3. On the other hand, all the markets show their highest volatility in the middle of March 2020, just after the WHO declared the COVID-19 pandemic
Unesco Subjects
Bibliographic citation
The license for this item is described as Atribución-NoComercial-SinDerivadas 3.0 España