There are three types of market efficiency: Ø - when prices are determined in a way that equates the marginal rates of return (adjusted for risk) for all producers and savers‚ market is said to be allocationally efficient; Ø - when the cost of transfering funds is “reasonable”‚ market is said to be operationally efficient; Ø - when prices fully reflect all available information‚ market is said to be informationally efficient. Bachelier (1900): In the opening paragraph of his
Premium Financial markets Economics Scientific method
The Industrial Revolution had a great impact on not only Great Britain‚ but Australia as well. Wool‚ wheat and mining where just a few of the things that Australia provided during the 1800s. Australia provided Great Britain with many raw materials in the nineteenth century such as wool‚ to meet the demands of the new textile industry‚ wheat to feed the population and increase what was growing on British farms‚ metals such as gold‚ copper‚ lead‚ zinc‚ silver and tin‚ and other materials such as
Premium New South Wales United Kingdom Australia
The Nigerian Culture of Scamming and How it Came to Be Many Americans have very limited knowledge of Nigeria. People tend to know little regarding the country’s history or its current affairs‚ and hold the nation to a common image. This image of Nigeria can generally be narrowed down to poverty‚ corruption‚ and the scamming that is operated out of the country. While Nigeria is worthy of much more than a three-word summary‚ there are reasons why the country has earned this reputation. Poverty
Premium
ROLE OF HUMAN CAPITAL IN ECONOMIC DEVELOPMENT: AN EMPIRICAL STUDY OF NIGERIAN CASE By Risikat Oladoyin S. Dauda‚ Ph.D Department of Economics University of Lagos Akoka‚ Lagos E-mail: rissydauda@yahoo.com rdauda@unilag.edu.ng ABSTRACT Although several theories of endogenous growth point towards a positive effect of human capital on growth‚ empirical evidence on this issue has been mixed. Despite various efforts of the successive Nigerian governments‚ virtually all indices of human
Premium Economic growth Economics
in Indian Capital markets Introduction A capital market is a market for securities (debt or equity)‚ where business enterprises (companies) and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year‚ as the raising of short-term funds takes place on other markets (e.g.‚ the money market). The capital market includes the stock market (equity securities) and the bond market (debt). Money markets and capital markets are parts
Premium Economics Investment Management
Liquidity and Market Quality According to Putnins and Comerton-Forde (2012)‚ regulators and stock exchanges around the world have expressed concerns that growth in the share of equities volume executed in venues with little or no pre-trade transparency‚ so called ‘dark pools’‚ may harm market quality. Orders are hidden primarily in an attempt to reduce information leakage as well as price movements and order flows caused by substantial changes in a stock’s supply (market impact). Although off-exchange
Premium Stock market English-language films Trade
The industrial revolution impacted the population‚ family life‚ and political environment of the 1800s heavily. From the year 1800 to 1850‚ the population of England and Wales doubled‚ going from nine million people to eighteen million. The amount of that population who just lived in cities rose from ten percent of the population to fifty percent of the population. While the jump of the population cannot be associated just to industrialization - improvements in health care‚ sanitation and public
Premium Great Depression United States Industrial Revolution
Mortgage markets exist to help individuals‚ businesses‚ and other economic units to finance the purchase of a home or other property. Characteristics of mortgage markets: 1. Mortgage loans are always secured by the pledge of real property—land or buildings— as collateral. 2. Second‚ mortgage loans are made for varying amounts and maturities depending on the borrower’s needs. 3. Issuers (borrowers) of mortgage loans are typically small‚ relatively unknown financial entities. 4. Secondary capital markets
Premium Mortgage Mortgage loan
Nigerian‚ or "419"‚ scams are one of the most common types of fraudulent email currently hitting inboxes. Nigerian scam messages can also arrive via fax or letter. The messages claim that your help is needed to access a large sum of money‚ usually many millions of dollars. The money that the message claims does not exist. Those who initiate a dialogue with the scammers by replying to a Nigerian scam message will eventually be asked for advance fees supposedly required to allow the deal to proceed
Premium Fraud Confidence trick Deception
Industrial Revolution From steam engines to steam boats‚ from the flying shuttle to the spinning jenny these are just a few of the most prominent aspects of the Industrial Revolution. Britain prior to the eighteenth century was predominantly an agrarian society‚ in which the majority population resided in rural areas. In the span of the eighteenth and nineteenth century Britain burgeoned into an urban society and most notably the birthplace of the industrial revolution. The Industrial Revolution
Premium Industrial Revolution Factory United Kingdom