The effect of the establishment of an organized exchange on weak form efficiency: the case of Istanbul Gold Exchange |
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| Authors: | Gülnur Muradoglu Nese Akkaya Jamel Chafra |
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| Institution: | Faculty of Business Administration , Bilkent University , Ankara, Turkey |
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| Abstract: | Evidence is presented from IGE (the Istanbul Gold Exchange) that an institutional regulation such as the establishment of an organized exchange is an important component of informational efficiency that should not be disregarded in the process of financial liberlization. |
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| Keywords: | weak form efficiency gold market institutional regulation |
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