Annoted Bibliography Essay Example | Topics and Well Written Essays - 250 words

Annoted Bibliography - Essay Example Banks were existing during that time. There were both private and temple banks. Loans were given out to people with houses being collateral while others were just freestanding religious institutions. There was encouragement of to invest his or her capital in vineyards, and if someone would enter this amount as a debt, the owner was to realize a six percent profit. He further reiterates that the investment idea and advice to the Romans show was an indicator of some degree of financial power during that era. People knew that loans are not grants and can be used for investment purposes. People were told to think of the opportunities brought by the invested funds, whether they have received legitimately or as a loan. Many people took a loan to enhance trading and finance their business activities. Before the industrial revolution, merchants formed a huge population that was a foundation of the capital market in the Roman Empire. In the history of Roman Empire, other assets were functioning in place of physical money. Grains and wines are some of the many commodities that were allowed in making payment, facilitating exchange and trading activities, measuring values and wealth of an individual. The use of coins reduced because of such assets in some sectors of the roman economy. During the last days, the empire, it was an important factor in evalua ting impact and nfluence of the ultimate increase in the coin supply. The article remains a great resource in this research, and I will not do without it. Its content is rich, and provides a provocative content that would be detrimental in research

Why Price Momentum Is Contrary to the Efficient Markets Hypothesis Assignment

Why Price Momentum Is Contrary to the Efficient Markets Hypothesis - Assignment Example The cash flow shocks, if embedded within the pricing, the price momentum can be observed. Or in a generalized manner, embedding any shock in the stock pricing implies the presence of price momentum.Shivakumar (2006) agrees that this phenomenon does seem contrary to the efficient market hypothesis, whereby, the hypothesis state that information is readily and equally available to all investors to ensure that the decision making of each is the differential amongst their strategy because the strategy is derived from information on which a decision is made. This concept is also agreed upon by Subrahmanyam (1998), Fama (1998) and Martin (2003) during their analytics on this model. Along similar lines, if information available to everyone is the same, then there is a consistency of information available in the market. Thus, a competitive environment shall prevail. However, this phenomenon exists in idealistic situations only, and on a general note, factors such as insider-trading, using pr ivileged information and so on do exist in markets globally. Subsequently, there are shockers – shocking news in the market – that prevail and the price of a stock fluctuates according to these shocks that can either be negative or positive; the former slides stock prices down, and the later carries it up, and the force that takes it up or down is known as the ‘price momentum’.Additionally, if the assumption of efficient market hypothesis would prevail, then equal information shall be available to all, and there would be presence of ‘shock absorbers’, because since an information would not just be available for certain individuals but for everyone, therefore, there would be not much of a shock for people to know about the case.