Symmetry, Efficient Markets and Monetary Neutrality

Yinghao Luo ()

MPRA Paper from University Library of Munich, Germany

Abstract: We study the relationship between symmetry, efficient markets and monetary neutrality. We find that information symmetry can lead markets to reach efficient outcomes and will produce the prices which fluctuate randomly. However, information symmetry is almost impossible to achieve without considering the time factor! In addition, efficient markets can lead to monetary neutrality.

Keywords: information symmetry; communism; efficient markets; value neutrality; monetary neutrality (search for similar items in EconPapers)
JEL-codes: A13 D3 D8 E44 E5 G14 (search for similar items in EconPapers)
Date: 2020-04-20
New Economics Papers: this item is included in nep-mac, nep-mon and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:101891

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