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Poshakwale Sunil (The University of Birmingham, United Kingdom), Murinde Victor (The University of Birmingham, United Kingdom), Janc Alfred (Poznań University of Economics, Poland)
Modelling the Nature of Volatility Conditions in East European Emerging Stock Markets
Raporty. Opracowania. Referaty / Akademia Ekonomiczna w Poznaniu, 1999, nr 10, s. 372-401, tab., wykr., bibliogr. 44 poz.
Tytuł własny numeru
Proceedings of the Ace/Phare Conference on Building Financial Institutions in Transition Economies: Poznań, Poland, 14-15 May, 1999
Słowa kluczowe
Rynki finansowe, Giełda, Rynek akcji, Rynki wschodzące
Financial markets, Stock exchange, Equity market, Emerging markets
An important component of the process of building financial institutions and markets in the transition economies of Eastern Europe has been the setting up of stock markets and the revitalisation of existing ones. In general, emerging stock markets have captured the attention of investors and academic researchers in recent years. High rates of returns on equities have made emerging markets an asset class of their own, demonstrating not only the performance of traded equities but also the trend towards privatisation of public enterprises and large numbers of private floatations. However, the financial crisis that broke out in the South East Asian markets, specifically starting with the suspension in trading of the shares of finance companies on the Stock Exchange of Thailand in April 1997, has refocused attention on the role of stock markets in the emerging economies, and has renewed the calls for a more careful examination of the nature of volatility as well as the regulatory practices in these markets. One of the main problems is that these markets are considered highly volatile which may act as a potential barrier to investing. (fragment of text)
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Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
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