@article{article_232285, title={TESTING WEAK AND SEMI-STRONG FORM EFFICIENCY OF STOCK EXCHANGES IN EUROPEAN MONETARY UNION COUNTRIES: PANEL DATA CAUSALITY AND CO-INTEGRATION ANALYSIS}, journal={Uluslararası İktisadi ve İdari İncelemeler Dergisi}, year={2015}, DOI={10.18092/ijeas.65492}, author={Torun, Mustafa and Kurt, Serdar}, abstract={This study investigated that whether or not there is weak and semi-strong form efficiency of stock ex-changes in European Monetary Union Countries with panel data variables stock market price index, con-sumer price index, purchasing power of euro, unemployment. In order to test the weak form efficiency, we used panel unit root tests and also for the testing semi-strong form efficiency panel co-integration and causality analysis. The result from unit root analysis show that stock markets of European Monetary Un-ion countries is weak efficient. According to results of co-integration and causality analysis, some coun-tries aren’t semi-strong form efficient.}, number={1}, publisher={Kenan ÇELİK}