Economics at your fingertips  


Mircea-Cristian Gherman, Maria Ciupac-Ulici and Alexandru Coman

Revista Economica, 2012, vol. Supplement, issue 4, 290-296

Abstract: Reform of financial liberalization is a complex and long term phenomena.This implies that the impact of this reform on financial markets should not be immediate, but rather gradually over a long period.It is also important to note that liberalization does not occur in the same way on all markets.Each country, according to his calculations on the economic climate and the specific of financial markets, has differently set its progress in liberalization process.In this article we propose to measure the intensity of liberalization using the method proposed by Bekaert (1995).Therefore we measured the intensity in five stock markets (Czech Republic, Hungary, Poland, Russia and Turkey) during the period February 7, 1997 - 25 July 2008.Also, we tried to see if the official date of stock market liberalization is the dateidentifiedby structural breaktest called Zivot - Andrews test.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... nte/Volume4-2012.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().

Page updated 2019-10-10
Handle: RePEc:blg:reveco:v:supplement:y:2012:i:4:p:290-296