Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange

Detalhes bibliográficos
Autor(a) principal: Cajueiro, Daniel Oliveira
Data de Publicação: 2009
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UCB
Texto Completo: http://hdl.handle.net/123456789/281
https://repositorio.ucb.br:9443/jspui/handle/123456789/7531
Resumo: 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.
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spelling Cajueiro, Daniel Oliveira2016-10-10T03:51:48Z2016-10-10T03:51:48Z2009-03CAJUEIRO, Daniel O; GOGAS, Periklis; TABAK, Benjamin M. Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange. International Review of Financial Analysis, v. 18, p. 50-57, 2009.http://hdl.handle.net/123456789/281https://repositorio.ucb.br:9443/jspui/handle/123456789/7531In 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.Made available in DSpace on 2016-10-10T03:51:48Z (GMT). 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dc.title.pt_BR.fl_str_mv Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
title Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
spellingShingle Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
Cajueiro, Daniel Oliveira
Greek stock market
Global Hurst exponents
Long memory
Emerging markets
Financial market liberalization
title_short Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
title_full Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
title_fullStr Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
title_full_unstemmed Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
title_sort Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange
author Cajueiro, Daniel Oliveira
author_facet Cajueiro, Daniel Oliveira
author_role author
dc.contributor.author.fl_str_mv Cajueiro, Daniel Oliveira
dc.subject.por.fl_str_mv Greek stock market
Global Hurst exponents
Long memory
Emerging markets
Financial market liberalization
topic Greek stock market
Global Hurst exponents
Long memory
Emerging markets
Financial market liberalization
dc.description.abstract.por.fl_txt_mv 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.
dc.description.version.pt_BR.fl_txt_mv Sim
dc.description.status.pt_BR.fl_txt_mv Publicado
description 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.
publishDate 2009
dc.date.issued.fl_str_mv 2009-03
dc.date.accessioned.fl_str_mv 2016-10-10T03:51:48Z
dc.date.available.fl_str_mv 2016-10-10T03:51:48Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.citation.fl_str_mv CAJUEIRO, Daniel O; GOGAS, Periklis; TABAK, Benjamin M. Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange. International Review of Financial Analysis, v. 18, p. 50-57, 2009.
dc.identifier.uri.fl_str_mv http://hdl.handle.net/123456789/281
https://repositorio.ucb.br:9443/jspui/handle/123456789/7531
identifier_str_mv CAJUEIRO, Daniel O; GOGAS, Periklis; TABAK, Benjamin M. Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange. International Review of Financial Analysis, v. 18, p. 50-57, 2009.
url http://hdl.handle.net/123456789/281
https://repositorio.ucb.br:9443/jspui/handle/123456789/7531
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