Tripartite analysis across business cycles in Turkey: A multi-timescale inquiry of efficiency, volatility and integration

6Citations
Citations of this article
28Readers
Mendeley users who have this article in their library.

Abstract

In the current era of globalization, deregulation and liberalization of markets have led to financial integration amongst developing and developed countries. The sudden massive inflow of capital into developing country's stock markets begs the question of whether or not the markets are sufficiently efficient to handle the increasing integration of markets. Furthermore, the relationship between the integration and efficiency of stock markets tends to be of greater importance during economic downturns. Taking Turkey as a case study owing to its economic growth and importance in two successful blocs, i.e. the EU and the OIC, we attempt to analyse the linkages between stock market efficiency and integration during the different phases of the economy. The findings of our study provide an interesting insight into the relative improvement in volatility, efficiency and integration across business cycles, in a multi time scale analysis.

Cite

CITATION STYLE

APA

Arshad, S., Rizvi, S. A. R., & Ibrahim, M. H. (2014). Tripartite analysis across business cycles in Turkey: A multi-timescale inquiry of efficiency, volatility and integration. Borsa Istanbul Review, 14(4), 224–235. https://doi.org/10.1016/j.bir.2014.09.001

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free