Liberalizing the Malaysian Stock Market
This paper tries to examine the effect of the volatility that might arises as a result of capital flows according to market opening prior to December 1985 Malaysia case. There-fore, many economists and policy makers concern about the risks associated with the open-ing and globalizing of the markets....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Islam Indonesia
2009-06-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | https://jurnal.uii.ac.id/JEP/article/view/508 |
| _version_ | 1817970185133359104 |
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| author | Fathin Faizah Said Mustazar Mansur Zulkefli Abdul Karim |
| author_facet | Fathin Faizah Said Mustazar Mansur Zulkefli Abdul Karim |
| author_sort | Fathin Faizah Said |
| collection | DOAJ |
| description | This paper tries to examine the effect of the volatility that might arises as a result of capital flows according to market opening prior to December 1985 Malaysia case. There-fore, many economists and policy makers concern about the risks associated with the open-ing and globalizing of the markets. Our findings show that stock return becomes less volatile, implying lower return offered to the investors. On the other hand, we proved that globaliza-tion do not reveal any risk to the inflation rate. In contrast, currency return becomes riskier after globalization. Ultimately, we conclude that integrated or liberalized capital flows will affect national policy in stabilizing the domestic economics.
JEL Classifications: C22, G12, G18.
Keywords: Liberalization, capital market, volatility, Univariate Grach-M. |
| first_indexed | 2024-04-13T20:31:47Z |
| format | Article |
| id | doaj.art-df8f654daa5544a3b6c144294951a4ce |
| institution | Directory Open Access Journal |
| issn | 2086-3128 2502-180X |
| language | English |
| last_indexed | 2024-04-13T20:31:47Z |
| publishDate | 2009-06-01 |
| publisher | Universitas Islam Indonesia |
| record_format | Article |
| series | Economic Journal of Emerging Markets |
| spelling | doaj.art-df8f654daa5544a3b6c144294951a4ce2022-12-22T02:31:10ZengUniversitas Islam IndonesiaEconomic Journal of Emerging Markets2086-31282502-180X2009-06-0112210.20885/vol12iss2aa508Liberalizing the Malaysian Stock MarketFathin Faizah SaidMustazar MansurZulkefli Abdul KarimThis paper tries to examine the effect of the volatility that might arises as a result of capital flows according to market opening prior to December 1985 Malaysia case. There-fore, many economists and policy makers concern about the risks associated with the open-ing and globalizing of the markets. Our findings show that stock return becomes less volatile, implying lower return offered to the investors. On the other hand, we proved that globaliza-tion do not reveal any risk to the inflation rate. In contrast, currency return becomes riskier after globalization. Ultimately, we conclude that integrated or liberalized capital flows will affect national policy in stabilizing the domestic economics. JEL Classifications: C22, G12, G18. Keywords: Liberalization, capital market, volatility, Univariate Grach-M.https://jurnal.uii.ac.id/JEP/article/view/508 |
| spellingShingle | Fathin Faizah Said Mustazar Mansur Zulkefli Abdul Karim Liberalizing the Malaysian Stock Market Economic Journal of Emerging Markets |
| title | Liberalizing the Malaysian Stock Market |
| title_full | Liberalizing the Malaysian Stock Market |
| title_fullStr | Liberalizing the Malaysian Stock Market |
| title_full_unstemmed | Liberalizing the Malaysian Stock Market |
| title_short | Liberalizing the Malaysian Stock Market |
| title_sort | liberalizing the malaysian stock market |
| url | https://jurnal.uii.ac.id/JEP/article/view/508 |
| work_keys_str_mv | AT fathinfaizahsaid liberalizingthemalaysianstockmarket AT mustazarmansur liberalizingthemalaysianstockmarket AT zulkefliabdulkarim liberalizingthemalaysianstockmarket |