 | Consumption Smoothing and the Current Account : Evidence for France, 1970-1994 Author/Editor: Claude Bismut, Paul Cashin, C John McDermott, Pierre-Richard AgĂ©nor. Release Date:November, 1995 This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France’s external performance. The more...
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| Informational Efficiency in Developing Equity Markets Author/Editor: C John McDermott, Paul Cashin. Release Date:June, 1995 The issue of informational efficiency in the evolution of asset prices is examined using data on equity markets in Jordan, Turkey and Pakistan over the period 1986–93. The analysis is more...
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