In this article, we test whether the structure of emerging market volatility has changed and assess the link between the structural changes in volatility behaviour and financial liberalization events. The opening of financial markets tends to generate outlying returns around the opening dates,...

Prediction of volatility is to a larger extent anchored on the properties of a volatility time series i.e. mean-reversion or random-walk. The consistency of mean-reversion or random-walk on the ZSE stock price and return volatility remain unexplored. This study therefore attempts to investigate...

Understanding the pattern of stock market volatility is important to investors as well as for investment policy. Volatility is directly associated with risks and returns, higher the volatility the more financial market is unstable. The volatility of the Zimbabwean stock market is modeled using...