Financial liberalization, financial deepening and efficiency implications in the emerging markets : preliminary evidence from Turkey

dc.contributor.authorAybar, C. Bulent
dc.date.accessioned2011-01-28T15:03:26Z
dc.date.available2011-01-28T15:03:26Z
dc.date.issued1998
dc.descriptionVersion of Record
dc.description.abstractThe chapter investigates the implications of financial liberalization and financial deepening on the intertemporal behavior of stock returns in the Turkish equity markets. The objective of the study is to test return predictability and the changes in this behavior in two qualitatively different time periods. The empirical findings indicate that return behavior does not change as the financial markets deepen in Turkey. Return characteristics qualitatively remain unchanged and return predictability continues. The adverse implications of this finding are rather severe and they are addressed in the conclusions.en_US
dc.description.bibliographicCitationAybar, C. B. (1998). Financial Liberalization, Financial Deepening and Efficiency Implications in the Emerging Markets: Preliminary Evidence from Turkey. In Contractor, F. J. (Ed.), Economic Transformation in Emerging Countries (127-139). Oxford: Elsevier.en_US
dc.digSpecsCreation hardware: Epson Expression 10000XL Color Flatbed Scanner. Creation software: ABBYY FineReader Professional 9.0; Adobe Acrobat Professional 9.3. PDF/A-2a.en_US
dc.format.extent765352 bytesen_US
dc.format.mediaTypeapplication/pdfen_US
dc.identifier.urihttps://hdl.handle.net/10474/1682
dc.language.isoen_USen_US
dc.publisherElsevieren_US
dc.relation.ispartofISBN 0-08-043429-0en_US
dc.relation.requiresAdobe Acrobat Readeren_US
dc.rightsReprinted from Economic Transformation in Emerging Countries, edited by Farok J. Contractor, p. 127-139, 1998, with permission from Elsevier.en_US
dc.subject.otherTurkeyen_US
dc.subject.otherequity marketsen_US
dc.subject.otherstock returnsen_US
dc.titleFinancial liberalization, financial deepening and efficiency implications in the emerging markets : preliminary evidence from Turkeyen_US
dc.typeBook chapteren_US
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