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- W2383804849 abstract "Basing on a natural and plausible model, it is argued that the capital market by itself can not absolutely avoid the inefficient self reinforcing phenomena when the economic surroundings are unstable. In this sense the capital market is a typical complex system and the conventional efficient market hypothesis should be superceded by the adaptability of the market in order to measure the market efficiency more effectively. The relevance of powers outside the market, say the government, to the maket's adaptability is highlighted together with discussions involving the recent global financial crises." @default.
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- W2383804849 date "2001-01-01" @default.
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- W2383804849 title "Environment Stability and Capital Market Efficiency" @default.
- W2383804849 hasPublicationYear "2001" @default.
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