Research Paper (postgraduate) from the year 2010 in the subject Economics - Finance, grade: none, Central European University Budapest, course: Applied Econometrics, language: English, abstract: Financial markets became indivisible part of global economy in 20th century. Their importance is still a growing process. The great depression was triggered by stock market crash in US and similarly current crises took its origin from financial markets. So, stock markets and the risk in these markets are economic phenomena which need to be studied a lot. This paper focuses on the characteristics of the risk at the Istanbul Stock Exchange(IMKB) and uses GARCH/ARCH framework for economic analysis. There are a lot of papers on this kind of markets, but they mainly investigate the risk in mature economies. The similar researches should be done for emerging markets as in nowadays their importance and influence is increasing. Hopefully this paper will be pharos for similar investigations
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