ASSESSING THE IMPACT OF FINANCIAL LIBERALIZATION ON STOCK-MARKET VOLATILITY IN SELECTED DEVELOPING-COUNTRIES

被引：21

作者：

GRABEL, I

机构：

[1] Graduate School of International Studies, University of Denver, DenverCO

来源：

JOURNAL OF DEVELOPMENT STUDIES | 1995年 / 31卷 / 06期

关键词：

D O I：

10.1080/00220389508422396

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This article argues for the importance of measuring stock market volatility following financial liberalisation in developing countries. Three alternative indices for measuring volatility are developed; these are used to examine the view that financial liberalisation induces increased asset price volatility. Based on the limited data available, this view is corroborated in the majority of countries investigated.

引用

页码：903 / 917

页数：15

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