Volatility of returns and financial liberalization:new evidence

The main objective of this paper is to paper is to reinvestigate the relationship between liberalization and returns volatility by considering different level of economic fundamentals and level of openness. The real impact of financial liberalization is expected to vary across countries with differe...

Full description

Bibliographic Details
Main Authors:	Tamat Sarmidi, Norlida Hanim Mohd Salleh, Siong , Hook law
Format:	Article
Published:	Penerbit Universiti Kebangsaan Malaysia 2012
Online Access:	http://journalarticle.ukm.my/5834/ http://journalarticle.ukm.my/5834/

id	ukm-5834
recordtype	eprints
spelling	ukm-58342013-01-14T01:44:16Z http://journalarticle.ukm.my/5834/ Volatility of returns and financial liberalization:new evidence Tamat Sarmidi, Norlida Hanim Mohd Salleh, Siong , Hook law The main objective of this paper is to paper is to reinvestigate the relationship between liberalization and returns volatility by considering different level of economic fundamentals and level of openness. The real impact of financial liberalization is expected to vary across countries with different macroeconomic fundamentals and level of liberalization. This study is different from previous studies becouse we do not impose priori linear restriction on the estimation. Employing endogenous threshold estimation methods, our finding shows that the relationship between liberazation and returns volatility is nonlinear and the negative impact of liberalization can be annulled for countries with strong and stable government. Penerbit Universiti Kebangsaan Malaysia 2012-06 Article PeerReviewed Tamat Sarmidi, and Norlida Hanim Mohd Salleh, and Siong , Hook law (2012) Volatility of returns and financial liberalization:new evidence. Jurnal Ekonomi Malaysia, 46 (1). pp. 101-106. ISSN 0127-1962 http://www.ukm.my/penerbit/jem.htm
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
description	The main objective of this paper is to paper is to reinvestigate the relationship between liberalization and returns volatility by considering different level of economic fundamentals and level of openness. The real impact of financial liberalization is expected to vary across countries with different macroeconomic fundamentals and level of liberalization. This study is different from previous studies becouse we do not impose priori linear restriction on the estimation. Employing endogenous threshold estimation methods, our finding shows that the relationship between liberazation and returns volatility is nonlinear and the negative impact of liberalization can be annulled for countries with strong and stable government.
format	Article
author	Tamat Sarmidi, Norlida Hanim Mohd Salleh, Siong , Hook law
spellingShingle	Tamat Sarmidi, Norlida Hanim Mohd Salleh, Siong , Hook law Volatility of returns and financial liberalization:new evidence
author_facet	Tamat Sarmidi, Norlida Hanim Mohd Salleh, Siong , Hook law
author_sort	Tamat Sarmidi,
title	Volatility of returns and financial liberalization:new evidence
title_short	Volatility of returns and financial liberalization:new evidence
title_full	Volatility of returns and financial liberalization:new evidence
title_fullStr	Volatility of returns and financial liberalization:new evidence
title_full_unstemmed	Volatility of returns and financial liberalization:new evidence
title_sort	volatility of returns and financial liberalization:new evidence
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2012
url	http://journalarticle.ukm.my/5834/ http://journalarticle.ukm.my/5834/
first_indexed	2023-09-18T19:45:17Z
last_indexed	2023-09-18T19:45:17Z
_version_	1777405858510012416

Volatility of returns and financial liberalization:new evidence

Similar Items