کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5085256 1477946 2009 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
چکیده انگلیسی

In this paper we assess if the financial market liberalization introduced in the beginning of the 1990s in Greece has changed the degree of market development (efficiency) by studying time-varying global Hurst exponents. Our results suggest that changes in financial market liberalization have important positive implications on the degree of development of stock markets. These results have important policy implications for the development of stock markets around the world.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Financial Analysis - Volume 18, Issues 1–2, March 2009, Pages 50-57
نویسندگان
, , ,