作者
Daniel O Cajueiro, Periklis Gogas, Benjamin M Tabak
发表日期
2009/3/1
期刊
International Review of Financial Analysis
卷号
18
期号
1-2
页码范围
50-57
出版商
North-Holland
简介
In this paper we assess if the financial market liberalization introduced in the beginning of the 1990s in Greece has changed the degree of market development (efficiency) by studying time-varying global Hurst exponents. Our results suggest that changes in financial market liberalization have important positive implications on the degree of development of stock markets. These results have important policy implications for the development of stock markets around the world.
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