BS2551 Money Banking and Finance Efficient Markets Hypothesis: Theory and Evidence 1.
INTRODUCTION Schleifer (2000) argues, the existence of arbitrage opportunities is a necessary
condition that can lead to market efficiency. The origins of the Efficient
A Note on Monetary Policy John Whittaker In the UK and other countries with developed financial
markets, central banks set the short-term nominal interest rate for the currency that they issue: the
short-term interest rate is the monetary instrument. The
FINA 213: FINANCIAL MANAGEMENT
Investors who provide equity finance have a long-term view hence most do not expect
immediate returns on their investment.
Equity financing has no obligation towards repayment; it also serves to provide extra
Scarcity and Shortage
The terms scarcity and shortage should all be viewed with reference to the concepts of
microeconomics since looking at both using the laymans point of view will make the two almost
interchangeable. So these two concepts are very inte