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

James M. Steeley

Research output: Contribution to journalArticlepeer-review


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 languageEnglish
Pages (from-to)125-143
JournalApplied Financial Economics
Issue number3
Publication statusPublished - Sept 1992


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