محاولة قياس كفاءة السوق المالية الجزائرية مقارنة بتونس أعقاب الأزمة المالية العالمية

Abstract EN

Financial market is efficient if all available information about a particular asset in any moment of time is reflected in its price in the same moment.

This study is to test the Algerian financial market efficiency compared Tunis wake of the global financial crisis on the level: the weak using three tests from 1/10/2008 to 9/30/2015 (7 years), medium to test the correlation between the three external factors College and its impact on two bourses index from 2008 to 2014 and then in the final impact of the global financial crisis on the performance of the two markets.

The test results showed that the market is efficient, even in the weak to the presence of self-correlation and non-normal distribution of the values of the index series during the period under study level, while the medium formula between us test results that incompetence is not because of macroeconomic variables and last test between him not for the crisis impact on the result.