Article ID Journal Published Year Pages File Type
5085256 International Review of Financial Analysis 2009 8 Pages PDF
Abstract

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.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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