Is the Brazilian stockmarket efficient?

Sergio Da Silva, Roberto Meurer () and Caio Guttler ()
Additional contact information
Roberto Meurer: Department of Economics, Federal University of Santa Catarina
Caio Guttler: Department of Economics, Federal University of Santa Catarina

Economics Bulletin, 2008, vol. 7, issue 1, 1-16

Abstract: Employing both cointegration analysis and a variety of Granger causality tests, we examine whether the Brazilian stockmarket is efficient in processing new information about public macroeconomic data (semi-strong efficiency). We find the stockmarket to be inefficient, which is in line with most results for other emerging markets.

JEL-codes: E4 G1 (search for similar items in EconPapers)
Date: 2008-01-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2008/Volume7/EB-07G10016A.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-07g10016

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().