An Examination of the Effects of Major Political Change on Stock Market Volatility: The South African Experience

Robert Brooks, S Davidson and Robert Faff

Working Papers from Melbourne - Centre in Finance

Abstract: Prior to President de Klerk's historic announcement on February 2 1990 of fundamental political change, South Africa was the subject of extreme economic and political isolation. As a result of this announcement, it would be expected that South Africa's financial markets transformed from a state of segmentation to a degree of integration in world makets. One means of assessing the possible effects of this major political change is by investigating stock market volatility.

Keywords: SOUTH AFRICA; POLITICS (search for similar items in EconPapers)
JEL-codes: G12 G15 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:melrfi:97-4

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