Does financial market liberalization increase the degree of market efficiency? The case of the Athens stock exchange

By Daniel Oliveira Cajueiro, Periklis Gogas, Benjamin Miranda Tabak. 2009

164 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/21ce7a7e2ee478c93a3c2e2e5e471ac5187bd00e

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In Economics and Econometrics

Citations in the corpus

Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic (2020, unknown): “This paper introduce a new conceptual framework that can be used to assess the financial contagion of the COVID-19 pandemic, or any future global unexpected and unpredictable events, at four levels of information transmission: (i) Catalyst of contagion, which is particularly important in the current”
The Evolution of Stock Market Efficiency Over Time: A Survey of the Empirical Literature (2011, background): “Using the rolling Hurst exponent, Cajueiro et al. (2009) assess whether the stock market liberalization measures introduced by the Greek government in the beginning of the 1990s has any effect on the underlying stock market efficiency.”
Stock market efficiency: A comparative analysis of Islamic and conventional stock markets (2018, result): “The higher ranking of Turkey and Malaysia for this sub-sample accords with the findings of Cajueiro et al. (2009), who inferred a positive effect of financial liberalization and elimination of capital controls in the Malaysian case in his study.”
An analysis of stock market efficiency: Developed vs Islamic stock markets using MF-DFA (2014, result): “For the case of Malaysia, and Turkey, this period’s higher ranking is in line with Cajueiro and Tabak [41] who explored and deduced a positive impact of financial liberalization and in Malaysia’s case the removal of capital controls.”
The inefficiency of Bitcoin revisited: a dynamic approach (2017, methodology): “This sliding window methodology was successfully used to assess time varying informational efficiency in Cajueiro and Tabak (2006); Cajueiro et al. (2009); Cajueiro and Tabak (2010); Bariviera (2011); Bariviera et al. (2012, 2014, 2017), among others.”
Asymmetric causality tests with an application (2012, background): “(1998); Ojah and Karemera (1999); Henry and Olekalns (2002); Abraham et al. (2002);Buguk and Brorsen (2003); Malkiel (2003); Al-Khazali et al. (2007); Cajueiro et al. (2009) ; Ibrahim and Aziz (2003); Hatemi-J (2004a,b) as well as Lim and Kim (2008).”
An empirical investigation of the informational efficiency of the GCC equity markets: Evidence from bootstrap simulation (2010, unknown): “On another front, Cajueiro, Gogas, and Tabak (2009) examine the impact of increasing financial market liberalization on the degree of market efficiency by using the Athens stock exchange as a case analysis.”
Asymmetric multifractal scaling behavior in the Chinese stock market: Based on asymmetric MF-DFA (2013, background): “The presence of multifractality suggests the inefficiency [1–6], volatility predictability [7], crash predictions [8,9], and complexity [10–12] of the market.”
Investigation of market efficiency and Financial Stability between S&P 500 and London Stock Exchange: Monthly and yearly Forecasting of Time Series Stock Returns using ARMA model (2016, background): “[44] explored and deduced a positive impact of financial liberalization on market efficiency in Greece.”