Financial liberalization and stock markets efficiency: New evidence from emerging economies

Aymen Ben Rejeb; Adel Boughrara

首页> 外文期刊>Emerging markets review >Financial liberalization and stock markets efficiency: New evidence from emerging economies

【24h】

Financial liberalization and stock markets efficiency: New evidence from emerging economies

机译：金融自由化和股市效率：新兴经济体的新证据

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

This paper aims to assess the impact of financial liberalization on the degree of informational efficiency in emerging stock markets while considering three types of financial crises, i.e. banking, currency and twin crises. To this end, a treatment effects model with time-varying parameters is estimated for 13 emerging economies from January 1986 to December 2008. Empirical results show that there is a greater efficiency in recent years and that financial liberalization not only improves the degree of efficiency but also reduces the probability of financial crises. They also suggest that improving efficiency depends upon several internal characteristics.

机译：本文旨在评估金融自由化对新兴股票市场信息效率的影响，同时考虑三种类型的金融危机，即银行，货币和双重危机。为此，从1986年1月到2008年12月，对13个新兴经济体估计了具有时变参数的治疗效果模型。经验结果表明，近年来效率更高，金融自由化不仅提高了效率，而且提高了效率。还可以降低发生金融危机的可能性。他们还建议提高效率取决于几个内部特征。

著录项

来源
《Emerging markets review》 |2013年第12期|186-208|共23页
作者
Aymen Ben Rejeb; Adel Boughrara;
展开▼
作者单位

Faculty of Economics and Management of Mahdia, University of Monastir, Tunisia,Laboratory of Management of Innovation and Sustainable Development (LAMIDED), University of Sousse, Tunisia;

Research Laboratory for Economy, Management and Quantitative Finance (LaREMFiQ), University of Sousse, Tunisia;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类
关键词
Financial crises; Informational efficiency; Financial liberalization; Emerging markets; Treatment effects model; GARCH;

机译：金融危机;信息效率;金融自由化;新兴市场;治疗效果模型;GARCH;

相似文献

外文文献
中文文献
专利

1. Stock market liberalization, foreign institutional investors, and informational efficiency of stock prices: Evidence from an emerging market [J] . Li Yijie, Liu Jianghui, Wang Haizhi, International journal of finance & economics . 2021,第4期

机译：股票市场自由化，外国机构投资者和股票价格的信息效率：来自新兴市场的证据
2. Financial liberalization, stock market volatility and outliers in emerging economies [J] . Juncal Cunado Eizaguirre, Javier Gomez Biscarri, Fernando Perez de Gracia Hidalgo Applied financial economics . 2009,第10a12期

机译：新兴经济体的金融自由化，股市波动和离群值
3. Financial liberalization and emerging stock market efficiency: an empirical analysis of structural changes [J] . Aymen Ben Rejeb, Adel Boughrara Macroeconomics and Finance in Emerging Market Economies . 2014,第2期

机译：金融自由化与新兴股票市场效率：结构变化的实证分析
4. The Real Effects of Capital Market Liberalization: Empirical Evidences from Emerging Economies and Implication to China [C] . Showi-Min Shen, Hosame Abu-Amara 2005年中国国际金融年会 . 2005

机译：资本市场自由化的实际效果：新兴经济体的经验证据及其对中国的启示
5. Essays on capital liberalization and stock market development in emerging market economies. [D] . Jayakumar, Vivekanand. 2004

机译：关于新兴市场经济体中的资本自由化和股票市场发展的论文。
6. Does the Adaptive Market Hypothesis explain the evolution of emerging markets efficiency? Evidence from the Moroccan financial market [O] . Mostafa Lekhal, Ahmed El Oubani 2020

机译：自适应市场假设是否解释了新兴市场效率的演变？来自摩洛哥金融市场的证据
7. Financial liberalization, stock markets and growth in economies with underdeveloped financial markets. European Political Economy Review Vol. 3, No. 2 (Winter 2005-2006), pp. 53-86 [O] . Springler Elisabeth. 2006

机译：金融自由化，股市和金融市场不发达经济体的增长。欧洲政治经济评论卷。 3，No。2（Winter 2005-2006），pp.53-86

Financial liberalization and stock markets efficiency: New evidence from emerging economies

摘要

著录项

相似文献

相关主题

期刊订阅