Оценка степени эффективности финансовых рынков

Экономика и финансы организаций и государства. Электронный научный журнал. 2013. № 2(8). С. 3–10.

Sorokin D., Блинова Е. Д.

Today there are 3 efficient-market hypotheses (EMHs): information, macroeconomic and speculative. Under the information efficiency of financial markets understand reflected to a certain extent these markets available at the time, information on prices of financial instruments. Under the macroeconomic efficiency of financial markets refers to the possibility of according to available information to make a long-term forecast, and also to correct the resulting imbalance with the help of macroeconomic instruments. And under speculative efficiency of financial markets understand the opportunity to win traders due to information not available to other market participants. The objective of the study was to assess the efficiency of the financial markets of the Russian Federation and Europe for their subsequent comparison. For realization of the task the following methods were used: the study of literature on the theme, the econometric analysis of economic indicators selected for the study countries (using Eviews 7 and Stata 11), and the compilation of information received. The results can be used by analysts and experts in the sphere of financial markets to complement the assessments of financial markets of the Russian Federation (RF) and Europe and the development of future strategies.

Keywords: финансовые рынки, Эффективность финансовых рынков, Степень эффективности финансовых рынков, Валютные рынки, оценка финансовых рынков