Abstract
The impact of the 1986 deregulation of the British Government bond market on the level of informational efficiency in that market is examined. An analysis of bond price time-series and cross-sectional term-structure fitting suggests that the symptoms of inefficiency are fewer in number, smaller in magnitude and less systematic than those before deregulation.
Original language | English |
---|---|
Pages (from-to) | 125-143 |
Journal | Applied Financial Economics |
Volume | 2 |
Issue number | 3 |
DOIs | |
Publication status | Published - Sept 1992 |