Logo
Munich Personal RePEc Archive

Behavior of Financial Markets Efficiency During the Financial Market Crisis: 2007-2009

Mynhardt, H. R. and Plastun, Alex and Makarenko, Inna (2014): Behavior of Financial Markets Efficiency During the Financial Market Crisis: 2007-2009. Published in: Corporate Ownership and Control , Vol. 11, No. 2 (2014): pp. 531-546.

[thumbnail of MPRA_paper_58942.pdf]
Preview
PDF
MPRA_paper_58942.pdf

Download (616kB) | Preview

Abstract

This paper examines the behavior of financial markets efficiency during the recent financial market crisis. Using the Hurst exponent as a criterion of market efficiency we show that level of market efficiency is different for pre-crisis and crisis periods. We also classify financial markets of different countries by the level of their efficiency and reaffirm that financial markets of developed countries are more efficient than the developing ones. Based on Ukrainian financial market analysis we show the reasons of inefficiency of financial markets and provide some recommendations on their solution and thus improving the efficiency.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.