2000•The Journal of Guangxi Economic Management Cadre CollegeRequires access
Studies on the Efficiency of Capital Market
Hongxin Yang
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Abstract
Capital market plays a very important role in modern economy,the transform of deposit-investment and the way of economic development are influenced by the efficiency of capital market.Western economists always study the efficiency of price when study the efficiency of the capital market.Their studies neglect the institutional factors and the macro efficiency.The efficiency of the capital market can be comprehensively studied only if macro controlling and capital markrt itself should be thought about and the rules of capital itself and the factors of policy must be thought about.