reduce the return volatility of TASI. From the EGARCH-M models, it is reflected through the leverage effect that negative … shocks increase the volatility more than positive shocks. The CGARCH-M results show through the volatility persistence rate … liberalization to foreign investment leads to reduce significantly the volatility mostly in the short term, while the foreign …

reduce the return volatility of TASI. From the EGARCH-M models, it is reflected through the leverage effect that negative … shocks increase the volatility more than positive shocks. The CGARCH-M results show through the volatility persistence rate … liberalization to foreign investment leads to reduce significantly the volatility mostly in the short term, while the foreign …

shows that directing economy through price signal is just a lie. Volatility is an intrinsic characteristic of financial …