Financial liberalisation: from segmented to integrated economies

dc.citation.epage555en_US
dc.citation.issueNumber5-6en_US
dc.citation.spage529en_US
dc.citation.volumeNumber55en_US
dc.contributor.authorTaskin, F.en_US
dc.contributor.authorMuradoglu, G.en_US
dc.date.accessioned2016-02-08T10:29:25Z
dc.date.available2016-02-08T10:29:25Z
dc.date.issued2003en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractCapital market liberalisation transforms segmented stock markets into integrated ones. Further impact should be expected on the dynamics of the rest of the domestic economy. This study presents evidence to that effect. A significant change after liberalisation is the emergence of world returns as an influential factor on other economic fundamentals. The information content of world returns influences emerging market returns prior to capital market liberalisation and this relation continues after capital market liberalisation. What is new after liberalisation is the influence of world returns on the dynamics of the domestic economy as a whole and its relation to stock returns. © 2003 Elsevier Inc. All rights reserved.en_US
dc.identifier.doi10.1016/S0148-6195(03)00053-5en_US
dc.identifier.issn0148-6195
dc.identifier.urihttp://hdl.handle.net/11693/24437
dc.language.isoEnglishen_US
dc.publisherElsevier Inc.en_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/S0148-6195(03)00053-5en_US
dc.source.titleJournal of Economics and Businessen_US
dc.subjectEconomic fundamentalsen_US
dc.subjectEmerging marketsen_US
dc.subjectFinancial liberalisationen_US
dc.titleFinancial liberalisation: from segmented to integrated economiesen_US
dc.typeArticleen_US
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