UNDERSTANDING ASIAN EMERGING STOCK MARKETS
Shaista Arshad (),
Omair Haroon () and
Syed Aun R. Rizvi ()
Additional contact information
Shaista Arshad: University of Nottingham Malaysia
Omair Haroon: Lahore University of Management Science
Bulletin of Monetary Economics and Banking, 2019, vol. -, issue 12th BMEB Call for Papers Special Issue, 1-16
We use a three-step process employing multifractal detrended fluctuation analysis to study time-varying changes in the volatility and efficiency of Asian emerging equity markets. Our findings suggest that, in emerging markets, long-term stability and efficiency are linked to market development and liberalization. Our findings further suggest that financial crises have a negative impact on the efficiency of emerging markets but only in the short term.
Keywords: Efficiency; Asia; Emerging Markets; Equity Market; Volatility (search for similar items in EconPapers)
JEL-codes: C22 E44 G1 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:1:y:2019:i:sp4:p:1-16
Access Statistics for this article
Bulletin of Monetary Economics and Banking is currently edited by Paresh Narayan
More articles in Bulletin of Monetary Economics and Banking from Bank Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Nurhemi ().