The degree of financial liberalization and aggregated stock-return volatility in emerging markets
(2009)
Journal Article
Umutlu, M., Akdeniz, L., & Altay-Salih, A. (2010). The degree of financial liberalization and aggregated stock-return volatility in emerging markets. Journal of Banking and Finance, 34(3), 509-521. https://doi.org/10.1016/j.jbankfin.2009.08.010
In this study, we address whether the degree of financial liberalization affects the aggregated total volatility of stock returns by considering the time-varying nature of financial liberalization. We also explore channels through which the degree of... Read More about The degree of financial liberalization and aggregated stock-return volatility in emerging markets.