Informational efficiency of the clandestine and official gold markets in Paris

Abstract : For gold, moving from clandestine to official trading does not significantly change informational efficiency. Both markets are inefficient suggesting that efficiency is linked more to the type of asset than to the legal status of the market.
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https://hal.umontpellier.fr/hal-02009842
Contributeur : Anthony Herrada <>
Soumis le : mercredi 6 février 2019 - 16:07:55
Dernière modification le : jeudi 6 juin 2019 - 14:49:13

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Georges Gallais-Hamonno, Thi-Hong-Van Hoang, Kim Oosterlinck. Informational efficiency of the clandestine and official gold markets in Paris. Economics Letters, Elsevier, 2015, 126, pp.28-30. ⟨10.1016/j.econlet.2014.11.013⟩. ⟨hal-02009842⟩

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