UNDERSTANDING ASIAN EMERGING STOCK MARKETS

Authors

Shaista Arshad, University of Nottingham Malaysia Campus, MalaysiaFollow
Syed Aun Raza Rizvi, Lahore University of Management Sciences, PakistanFollow
Omair Haroon, Lahore University of Management Sciences, PakistanFollow

Document Type

Article

Abstract

We use a three-step process employing multifractal detrended fluctuation analysis tostudy time-varying changes in the volatility and efficiency of Asian emerging equitymarkets. Our findings suggest that, in emerging markets, long-term stability andefficiency are linked to market development and liberalization. Our findings furthersuggest that financial crises have a negative impact on the efficiency of emergingmarkets but only in the short term.

Recommended Citation

Arshad, Shaista; Rizvi, Syed Aun Raza; and Haroon, Omair (2019) "UNDERSTANDING ASIAN EMERGING STOCK MARKETS," Bulletin of Monetary Economics and Banking: Vol. 21: No. 0, Article 3.
DOI: https://doi.org/10.21098/bemp.v0i0.983
Available at: https://bulletin.bmeb-bi.org/bmeb/vol21/iss0/3

First Page

495

Last Page

510

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Malaysia

Affiliation

University of Nottingham Malaysia Campus