Informational Efficiency of the Clandestine and Official Gold Markets in Paris

Georges Gallais-Hamonno, Thi Hong Van Hoang () and Kim Oosterlinck

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: For gold, moving from clandestine to official trading does not significantly change informational efficiency. Both markets are inefficient suggesting that efficiency is linked more to the type of asset than to the legal status of the market.

Keywords: Efficient market hypothesis; Paris clandestine gold market; World War II (search for similar items in EconPapers)
Date: 2015
Note: SCOPUS: ar.j
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Citations: View citations in EconPapers (13)

Published in: Economics letters (2015) v.126

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Journal Article: Informational efficiency of the clandestine and official gold markets in Paris (2015)
Working Paper: Informational efficiency of the clandestine and official gold markets in Paris (2015)
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