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An examination of the effects of major political change on stock market volatility: the South African experience

  • Brooks, Robert D.
  • Davidson, Sinclair
  • Faff, Robert W.

Prior to President de Klerk's historic announcement on February 2 1990 of fundamental political change, South Africa was the subject of extreme economic and political isolation. As a result of this announcement, it would be expected that South Africa's financial markets transformed from a state of segmentation to a degree of integration in world makets. One means of assessing the possible effects of this major political change is by investigating stock market volatility.

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Article provided by Elsevier in its journal Journal of International Financial Markets, Institutions and Money.

Volume (Year): 7 (1997)
Issue (Month): 3 (October)
Pages: 255-275

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Handle: RePEc:eee:intfin:v:7:y:1997:i:3:p:255-275
Contact details of provider: Web page: http://www.elsevier.com/locate/intfin

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