Efficient Capital Markets and the Quantity Theory of Money,
Abstract
The purpose of this paper is to investigate the relationship between the money supply and returns to holding common stock. A primary reason for undertaking this investigation is the apparent contradiction between two hypotheses that have been given considerable attention to the literature: the quantity theory of money and the efficient capital markets hypothesis.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1972
- Accession Number
- ADA032169
Entities
People
- Richard V. L. Cooper
Organizations
- RAND Corporation