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Symmetry, Efficient Markets and Monetary Neutrality

Luo, Yinghao (2020): Symmetry, Efficient Markets and Monetary Neutrality.

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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.

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