The effects of Big Bang on the gilt-edged market : term structure movements and market efficiency
This study is concerned with the impact of the 1986 Stock Market deregulation, or Big Bang, on the efficiency of the United Kingdom government securities market. The main theoretical finding is that the change to dual capacity dealing with negotiated commissions cannot be justified economically with...
| Main Author: | |
|---|---|
| Published: |
University of Warwick
1989
|
| Subjects: | |
| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.280414 |