Assessing the impact of financial liberalisation on stock market volatility in selected developing countries
研究了金融自由化对发展中国家股市波动性的影响，提出了三种波动性测量指标，并基于有限数据发现多数国家在自由化后波动性增加。
This article argues for the importance of measuring stock market volatility following financial liberalisation in developing countries. Three alternative indices for measuring volatility are developed; these are used to examine the view that financial liberalisation induces increased asset price volatility. Based on the limited data available, this view is corroborated in the majority of countries investigated.