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Más de medio siglo en busca de una teoría sobre los mercados de capitales/More than half century looking for a capital markets theory

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Author Info
SPRONK, JAAP () (Department of Finance and Investment. Erasmus University Rotterdam, The Netherlands.)
SEGOVIA, TRINIDAD () (Departamento de Dirección y Gestión de Empresas. Universidad de Almería.Carretera Sacramento, s/n. La Cañada de San Urbano, 04120 Almería.)
EVANGELISTA, JUAN (Departamento de Dirección y Gestión de Empresas. Universidad de Almería.Carretera Sacramento, s/n. La Cañada de San Urbano, 04120 Almería.)

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Abstract

Este artículo de presentación del monográfico Mercados Financieros e Instrumentos se estructura en dos partes bien diferenciadas. La primer parte se dedica al debate existente sobre el comportamiento de los rendimientos de los activos financieros, presentando dos de las teorías más importantes, la Teoría del Mercado Eficiente y la Teoría del Mercado Fractal. En la segunda parte se realiza la presentación de los artículos que se publican en el monográfico. This presentation paper of the monographic Financial Markets and Instruments is organized into two different parts. The first one is dedicated to the existing discussion on the theories to explain stock market returns behaviour, more specifically the Efficient Market Theory and the Fractal Market Theory. In the second part we summarize all contributions published in the monographic.

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Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 23 (2005)
Issue (Month): (Abril)
Pages: 29-44
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Handle: RePEc:lrk:eeaart:23_1_2

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Related research
Keywords: Mercado Eficiente; Fractal; Caos./Efficient Market; Fractal; Chaos.;

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Find related papers by JEL classification:
G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

References listed on IDEAS
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  1. Flood, Robert P. & Garber, Peter M., 1984. "Collapsing exchange-rate regimes : Some linear examples," Journal of International Economics, Elsevier, vol. 17(1-2), pages 1-13, August. [Downloadable!] (restricted)
  2. Francis X. Diebold & Joon-Haeng Lee & Gretchen C. Weinbach, 1993. "Regime switching with time-varying transition probabilities," Working Papers 93-12, Federal Reserve Bank of Philadelphia.
  3. Masson, Paul R, 1995. "Gaining and Losing ERM Credibility: The Case of the United Kingdom," Economic Journal, Royal Economic Society, vol. 105(430), pages 571-82, May. [Downloadable!] (restricted)
  4. Gomez-Puig, Marta & Montalvo, JoseG., 1997. "A new indicator to assess the credibility of the EMS," European Economic Review, Elsevier, vol. 41(8), pages 1511-1535, August. [Downloadable!] (restricted)
  5. Mizrach, Bruce, 1995. "Target zone models with stochastic realignments: an econometric evaluation," Journal of International Money and Finance, Elsevier, vol. 14(5), pages 641-657, October. [Downloadable!] (restricted)
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  6. Tronzano, Marco & Psaradakis, Zacharias & Sola, Martin, 2003. "Target zone credibility and economic fundamentals," Economic Modelling, Elsevier, vol. 20(4), pages 791-807, July. [Downloadable!] (restricted)
  7. Hamilton, James D., 1990. "Analysis of time series subject to changes in regime," Journal of Econometrics, Elsevier, vol. 45(1-2), pages 39-70. [Downloadable!] (restricted)
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