Deregulation and market efficiency:  evidence from the gilt-edged market

James M. Steeley

doi:10.1080/758516628

Deregulation and market efficiency: evidence from the gilt-edged market

James M. Steeley

Keele University
Washington University in St. Louis

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

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	https://doi.org/10.1080/758516628
Publication status	Published - Sept 1992

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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.",

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AB - 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.

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Deregulation and market efficiency: evidence from the gilt-edged market

Abstract

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