S/F/161. Efficiency of world's major stock markets

The paper examines the efficient market hypothesis describing efficient markets, discussing the causes and effects of efficiency, and arguing whether corporate problems provide evidence of stock markets inefficiency.

C/F/309. Money Markets

The paper examines the trend of short term borrowing and lending providing definitions of the money market (MM), comparing MM to capital markets, identifying the features of MM financial intermediaries, and describing money market instruments, i.e. treasury bills, commercial papers, etc. Risks associated with MM are considered.

C/F/216. Seasonality in the Canadian Stock Market

This work examines the trend of stock market seasonality in the Canadian stock market. This makes use of the set of data across various sectors, the work employs the GARCH(1,1) model to study the various effects within the sectors. The whole study of seasonality affecting the stock markets is a global phenomenon and it continues to persist even today having various impacts on the stock prices across sectors. Although the presence of seasonality implies a lack of informational efficiency in the respective stock market, this study does not disprove the validity of the Efficient Market Hypothesis (EMH), as the presence of significant returns is not the same as to abnormal profits.

S/F/132. Chronicles of the Capital Minds: An Incisive Look at Peter Bernstein's Capital Ideas: The Improbable Origins of Wall Street

The paper offers a review of Peter Bernstein's 'Capital Ideas: The Improbable Origins of Modern Wall Street', relating Bernstein's biography, analysing his investment theory and financial market theories and pricing models, i.e. the models by Alfred Cowles, Dow Jones, the Modern Portfolio theory, the Black-Scholes model, etc. Their contribution to understanding the mindset of modern investors, is discussed.

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