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In this paper, two different stability tests in linear frameworks are used to examine the presence of structural changes in the GARCH-based conditional volatility of emerging market countries. We particularly relate this issue to the market liberalization reforms undertaken by these countries...
Persistent link: https://www.econbiz.de/10005094749
In this paper, two different stability tests in linear frameworks are used to examine the presence of structural changes in the GARCH-based conditional volatility of emerging market countries. We particularly relate this issue to the market liberalization reforms undertaken by these countries...
Persistent link: https://www.econbiz.de/10010629785