Considering the global dominance of the US equity market, it is expected that the impact of September 11 on the US market would spill-over to other markets. Since this terrible event had created a global climate of fear and uncertainty, it is possible that the US spill-over effect could have...

This paper defines mathematically different forms for the efficient market hypothesis and tests this hypothesis for the equity market in Japan with respect to the interest rate, industrial production, money supply, consumer price index and the real effective exchange rate during the period...