This post is opinion only. See full disclaimer below. Abstract The Macro-political Captured Assets Hypothesis (MCAH) argues that the Efficient Market Hypothesis (EMH) theoretically fails to consider the potential role of anonymous and illicit capital in the pricing of assets and that further research is needed using the small-n comparative method pioneered by scholars such … Continue reading The Institutionalization of Transparency: Dismantling the Shadow Economy to Restore Market Integrity
Category: shadow capital
The Macro-political Captured Assets Hypothesis: How Hidden Power Defines Asset Prices
Dr. Emery This post is opinion only. See full disclaimer below. This paper is a preliminary release intended to advance my broader argument. Specific analysis; sources and references remain subject to revision and correction. Introduction The Efficient Market Hypothesis (EMH), articulated by Eugene Fama, has long served as the orthodox framework for understanding financial asset … Continue reading The Macro-political Captured Assets Hypothesis: How Hidden Power Defines Asset Prices
The Macro-political Captured Assets Hypothesis, the Oil Sector, and the Limits of Market Efficiency
Dr. Emery This post is opinion only. See full disclaimer below. This paper is a preliminary release intended to advance my broader argument. Specific analysis; sources and references remain subject to revision and correction. See additional comments below. Abstract MCAH shows how political power, illicit capital, and asset capture distort commodity prices in the oil … Continue reading The Macro-political Captured Assets Hypothesis, the Oil Sector, and the Limits of Market Efficiency