id	sid	tid	token	lemma	pos
emaj-255	1	1	volume	volume	NOUN
emaj-255	1	2	7	7	NUM
emaj-255	1	3	no	no	DET
emaj-255	1	4	2	2	NUM
emaj-255	1	5	(	(	PUNCT
emaj-255	1	6	2018	2018	NUM
emaj-255	1	7	)	)	PUNCT
emaj-255	2	1	|	|	ADV
emaj-255	2	2	issn	issn	VERB
emaj-255	2	3	2158	2158	NUM
emaj-255	2	4	-	-	SYM
emaj-255	2	5	8708	8708	NUM
emaj-255	2	6	(	(	PUNCT
emaj-255	2	7	online	online	NOUN
emaj-255	2	8	)	)	PUNCT
emaj-255	2	9	|	|	ADV
emaj-255	2	10	doi	doi	X
emaj-255	2	11	10.5195	10.5195	NUM
emaj-255	2	12	/	/	SYM
emaj-255	2	13	emaj.2018.134	emaj.2018.134	PROPN
emaj-255	2	14	|	|	ADV
emaj-255	2	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-255	2	16	the	the	DET
emaj-255	2	17	effect	effect	NOUN
emaj-255	2	18	of	of	ADP
emaj-255	2	19	regulations	regulation	NOUN
emaj-255	2	20	on	on	ADP
emaj-255	2	21	stock	stock	NOUN
emaj-255	2	22	market	market	NOUN
emaj-255	2	23	risk	risk	NOUN
emaj-255	2	24	(	(	PUNCT
emaj-255	2	25	volatility	volatility	NOUN
emaj-255	2	26	)	)	PUNCT
emaj-255	2	27	in	in	ADP
emaj-255	2	28	nigeria	nigeria	PROPN
emaj-255	2	29	monday	monday	PROPN
emaj-255	2	30	uhunmwangho	uhunmwangho	PROPN
emaj-255	2	31	university	university	PROPN
emaj-255	2	32	of	of	ADP
emaj-255	2	33	benin	benin	PROPN
emaj-255	2	34	,	,	PUNCT
emaj-255	2	35	nigeria	nigeria	PROPN
emaj-255	3	1	|	|	ADV
emaj-255	3	2	e	e	NOUN
emaj-255	3	3	-	-	NOUN
emaj-255	3	4	mail	mail	NOUN
emaj-255	3	5	:	:	PUNCT
emaj-255	3	6	monday.uhunmwangho@uniben.edu	monday.uhunmwangho@uniben.edu	PROPN
emaj-255	3	7	abstract	abstract	ADJ
emaj-255	3	8	recent	recent	ADJ
emaj-255	3	9	regulations	regulation	NOUN
emaj-255	3	10	are	be	AUX
emaj-255	3	11	directed	direct	VERB
emaj-255	3	12	at	at	ADP
emaj-255	3	13	mitigating	mitigate	VERB
emaj-255	3	14	financial	financial	ADJ
emaj-255	3	15	market	market	NOUN
emaj-255	3	16	risk	risk	NOUN
emaj-255	3	17	,	,	PUNCT
emaj-255	3	18	because	because	SCONJ
emaj-255	3	19	risks	risk	NOUN
emaj-255	3	20	,	,	PUNCT
emaj-255	3	21	especially	especially	ADV
emaj-255	3	22	volatility	volatility	NOUN
emaj-255	3	23	dampen	dampen	NOUN
emaj-255	3	24	investors	investor	NOUN
emaj-255	3	25	’	’	PART
emaj-255	3	26	confidence	confidence	NOUN
emaj-255	3	27	,	,	PUNCT
emaj-255	3	28	and	and	CCONJ
emaj-255	3	29	hinder	hinder	NOUN
emaj-255	3	30	firms	firm	NOUN
emaj-255	3	31	’	'	PUNCT
emaj-255	3	32	ability	ability	NOUN
emaj-255	3	33	to	to	PART
emaj-255	3	34	raise	raise	VERB
emaj-255	3	35	funds	fund	NOUN
emaj-255	3	36	at	at	ADP
emaj-255	3	37	the	the	DET
emaj-255	3	38	exchange	exchange	NOUN
emaj-255	3	39	.	.	PUNCT
emaj-255	4	1	though	though	ADV
emaj-255	4	2	,	,	PUNCT
emaj-255	4	3	volatility	volatility	NOUN
emaj-255	4	4	had	have	AUX
emaj-255	4	5	been	be	AUX
emaj-255	4	6	investigated	investigate	VERB
emaj-255	4	7	in	in	ADP
emaj-255	4	8	the	the	DET
emaj-255	4	9	past	past	NOUN
emaj-255	4	10	,	,	PUNCT
emaj-255	4	11	the	the	DET
emaj-255	4	12	joint	joint	ADJ
emaj-255	4	13	utilization	utilization	NOUN
emaj-255	4	14	of	of	ADP
emaj-255	4	15	micro	micro	ADJ
emaj-255	4	16	and	and	CCONJ
emaj-255	4	17	macro	macro	ADJ
emaj-255	4	18	regulatory	regulatory	ADJ
emaj-255	4	19	tools	tool	NOUN
emaj-255	4	20	to	to	PART
emaj-255	4	21	address	address	VERB
emaj-255	4	22	it	it	PRON
emaj-255	4	23	after	after	SCONJ
emaj-255	4	24	the	the	DET
emaj-255	4	25	global	global	ADJ
emaj-255	4	26	crisis	crisis	NOUN
emaj-255	4	27	is	be	AUX
emaj-255	4	28	rare	rare	ADJ
emaj-255	4	29	.	.	PUNCT
emaj-255	5	1	it	it	PRON
emaj-255	5	2	is	be	AUX
emaj-255	5	3	on	on	ADP
emaj-255	5	4	this	this	DET
emaj-255	5	5	backdrop	backdrop	NOUN
emaj-255	5	6	that	that	SCONJ
emaj-255	5	7	this	this	DET
emaj-255	5	8	study	study	NOUN
emaj-255	5	9	investigates	investigate	VERB
emaj-255	5	10	the	the	DET
emaj-255	5	11	effect	effect	NOUN
emaj-255	5	12	of	of	ADP
emaj-255	5	13	regulations	regulation	NOUN
emaj-255	5	14	on	on	ADP
emaj-255	5	15	stock	stock	NOUN
emaj-255	5	16	market	market	NOUN
emaj-255	5	17	risk	risk	NOUN
emaj-255	5	18	(	(	PUNCT
emaj-255	5	19	volatility	volatility	NOUN
emaj-255	5	20	)	)	PUNCT
emaj-255	5	21	in	in	ADP
emaj-255	5	22	nigeria	nigeria	PROPN
emaj-255	5	23	.	.	PUNCT
emaj-255	6	1	thirteen	thirteen	NUM
emaj-255	6	2	interest	interest	NOUN
emaj-255	6	3	charging	charge	VERB
emaj-255	6	4	banks	bank	NOUN
emaj-255	6	5	listed	list	VERB
emaj-255	6	6	in	in	ADP
emaj-255	6	7	the	the	DET
emaj-255	6	8	nigerian	nigerian	ADJ
emaj-255	6	9	exchange	exchange	NOUN
emaj-255	6	10	limited	limit	VERB
emaj-255	6	11	for	for	ADP
emaj-255	6	12	the	the	DET
emaj-255	6	13	period	period	NOUN
emaj-255	6	14	of	of	ADP
emaj-255	6	15	2010	2010	NUM
emaj-255	6	16	-	-	SYM
emaj-255	6	17	2020	2020	NUM
emaj-255	6	18	were	be	AUX
emaj-255	6	19	investigated	investigate	VERB
emaj-255	6	20	,	,	PUNCT
emaj-255	6	21	because	because	SCONJ
emaj-255	6	22	bank	bank	NOUN
emaj-255	6	23	stocks	stock	NOUN
emaj-255	6	24	are	be	AUX
emaj-255	6	25	mostly	mostly	ADV
emaj-255	6	26	traded	trade	VERB
emaj-255	6	27	at	at	ADP
emaj-255	6	28	the	the	DET
emaj-255	6	29	exchange	exchange	NOUN
emaj-255	6	30	.	.	PUNCT
emaj-255	7	1	data	datum	NOUN
emaj-255	7	2	for	for	ADP
emaj-255	7	3	this	this	DET
emaj-255	7	4	study	study	NOUN
emaj-255	7	5	were	be	AUX
emaj-255	7	6	collected	collect	VERB
emaj-255	7	7	from	from	ADP
emaj-255	7	8	the	the	DET
emaj-255	7	9	banks	bank	NOUN
emaj-255	7	10	’	’	PART
emaj-255	7	11	annual	annual	ADJ
emaj-255	7	12	reports	report	NOUN
emaj-255	7	13	,	,	PUNCT
emaj-255	7	14	stock	stock	NOUN
emaj-255	7	15	exchange	exchange	PROPN
emaj-255	7	16	official	official	ADJ
emaj-255	7	17	daily	daily	ADJ
emaj-255	7	18	price	price	NOUN
emaj-255	7	19	lists	list	NOUN
emaj-255	7	20	as	as	ADV
emaj-255	7	21	well	well	ADV
emaj-255	7	22	as	as	ADP
emaj-255	7	23	the	the	DET
emaj-255	7	24	central	central	ADJ
emaj-255	7	25	bank	bank	PROPN
emaj-255	7	26	of	of	ADP
emaj-255	7	27	nigeria	nigeria	PROPN
emaj-255	7	28	statistical	statistical	ADJ
emaj-255	7	29	bulletin	bulletin	NOUN
emaj-255	7	30	various	various	ADJ
emaj-255	7	31	issues	issue	NOUN
emaj-255	7	32	.	.	PUNCT
emaj-255	8	1	the	the	DET
emaj-255	8	2	first	first	ADJ
emaj-255	8	3	difference	difference	NOUN
emaj-255	8	4	generalized	generalize	VERB
emaj-255	8	5	method	method	NOUN
emaj-255	8	6	of	of	ADP
emaj-255	8	7	moments	moment	NOUN
emaj-255	8	8	(	(	PUNCT
emaj-255	8	9	dgmm	dgmm	NOUN
emaj-255	8	10	)	)	PUNCT
emaj-255	8	11	and	and	CCONJ
emaj-255	8	12	the	the	DET
emaj-255	8	13	dynamic	dynamic	ADJ
emaj-255	8	14	model	model	NOUN
emaj-255	8	15	were	be	AUX
emaj-255	8	16	engaged	engage	VERB
emaj-255	8	17	in	in	ADP
emaj-255	8	18	the	the	DET
emaj-255	8	19	investigation	investigation	NOUN
emaj-255	8	20	.	.	PUNCT
emaj-255	9	1	results	result	NOUN
emaj-255	9	2	of	of	ADP
emaj-255	9	3	this	this	DET
emaj-255	9	4	study	study	NOUN
emaj-255	9	5	reveal	reveal	VERB
emaj-255	9	6	that	that	SCONJ
emaj-255	9	7	regulatory	regulatory	ADJ
emaj-255	9	8	liquidity	liquidity	NOUN
emaj-255	9	9	ratio	ratio	NOUN
emaj-255	9	10	and	and	CCONJ
emaj-255	9	11	monetary	monetary	ADJ
emaj-255	9	12	policy	policy	NOUN
emaj-255	9	13	rate	rate	NOUN
emaj-255	9	14	positively	positively	ADV
emaj-255	9	15	and	and	CCONJ
emaj-255	9	16	significantly	significantly	ADV
emaj-255	9	17	impact	impact	VERB
emaj-255	9	18	stock	stock	NOUN
emaj-255	9	19	market	market	NOUN
emaj-255	9	20	risk	risk	NOUN
emaj-255	9	21	(	(	PUNCT
emaj-255	9	22	volatility	volatility	NOUN
emaj-255	9	23	)	)	PUNCT
emaj-255	9	24	,	,	PUNCT
emaj-255	9	25	while	while	SCONJ
emaj-255	9	26	prescribe	prescribe	VERB
emaj-255	9	27	cash	cash	NOUN
emaj-255	9	28	reserve	reserve	NOUN
emaj-255	9	29	ratio	ratio	NOUN
emaj-255	9	30	has	have	VERB
emaj-255	9	31	negative	negative	ADJ
emaj-255	9	32	and	and	CCONJ
emaj-255	9	33	significant	significant	ADJ
emaj-255	9	34	effects	effect	NOUN
emaj-255	9	35	.	.	PUNCT
emaj-255	10	1	the	the	DET
emaj-255	10	2	implication	implication	NOUN
emaj-255	10	3	of	of	ADP
emaj-255	10	4	this	this	DET
emaj-255	10	5	finding	finding	NOUN
emaj-255	10	6	is	be	AUX
emaj-255	10	7	that	that	SCONJ
emaj-255	10	8	regulations	regulation	NOUN
emaj-255	10	9	except	except	SCONJ
emaj-255	10	10	cash	cash	NOUN
emaj-255	10	11	reserve	reserve	NOUN
emaj-255	10	12	instruments	instrument	NOUN
emaj-255	10	13	constitute	constitute	VERB
emaj-255	10	14	frictions	friction	NOUN
emaj-255	10	15	impacting	impact	VERB
emaj-255	10	16	equity	equity	NOUN
emaj-255	10	17	market	market	NOUN
emaj-255	10	18	risk	risk	NOUN
emaj-255	10	19	.	.	PUNCT
emaj-255	11	1	therefore	therefore	ADV
emaj-255	11	2	,	,	PUNCT
emaj-255	11	3	it	it	PRON
emaj-255	11	4	is	be	AUX
emaj-255	11	5	recommended	recommend	VERB
emaj-255	11	6	that	that	SCONJ
emaj-255	11	7	caution	caution	NOUN
emaj-255	11	8	is	be	AUX
emaj-255	11	9	exercised	exercise	VERB
emaj-255	11	10	in	in	ADP
emaj-255	11	11	the	the	DET
emaj-255	11	12	use	use	NOUN
emaj-255	11	13	of	of	ADP
emaj-255	11	14	micro	micro	ADJ
emaj-255	11	15	and	and	CCONJ
emaj-255	11	16	macro	macro	ADJ
emaj-255	11	17	regulatory	regulatory	ADJ
emaj-255	11	18	weapons	weapon	NOUN
emaj-255	11	19	.	.	PUNCT
emaj-255	12	1	otherwise	otherwise	ADV
emaj-255	12	2	,	,	PUNCT
emaj-255	12	3	investors	investor	NOUN
emaj-255	12	4	’	'	PUNCT
emaj-255	12	5	confidence	confidence	NOUN
emaj-255	12	6	will	will	AUX
emaj-255	12	7	decline	decline	VERB
emaj-255	12	8	and	and	CCONJ
emaj-255	12	9	investments	investment	NOUN
emaj-255	12	10	will	will	AUX
emaj-255	12	11	reduce	reduce	VERB
emaj-255	12	12	.	.	PUNCT
emaj-255	13	1	keywords	keyword	NOUN
emaj-255	13	2	:	:	PUNCT
emaj-255	13	3	difference	difference	NOUN
emaj-255	13	4	generalized	generalize	VERB
emaj-255	13	5	method	method	NOUN
emaj-255	13	6	of	of	ADP
emaj-255	13	7	moments	moment	NOUN
emaj-255	13	8	,	,	PUNCT
emaj-255	13	9	dynamic	dynamic	ADJ
emaj-255	13	10	model	model	NOUN
emaj-255	13	11	,	,	PUNCT
emaj-255	13	12	financial	financial	ADJ
emaj-255	13	13	regulations	regulation	NOUN
emaj-255	13	14	,	,	PUNCT
emaj-255	13	15	stock	stock	NOUN
emaj-255	13	16	market	market	NOUN
emaj-255	13	17	volatility	volatility	NOUN
emaj-255	13	18	,	,	PUNCT
emaj-255	13	19	nigeria	nigeria	PROPN
emaj-255	13	20	new	new	ADJ
emaj-255	13	21	articles	article	NOUN
emaj-255	13	22	in	in	ADP
emaj-255	13	23	this	this	DET
emaj-255	13	24	journal	journal	NOUN
emaj-255	13	25	are	be	AUX
emaj-255	13	26	licensed	license	VERB
emaj-255	13	27	under	under	ADP
emaj-255	13	28	a	a	DET
emaj-255	13	29	creative	creative	ADJ
emaj-255	13	30	commons	common	NOUN
emaj-255	13	31	attribution	attribution	NOUN
emaj-255	13	32	3.0	3.0	NUM
emaj-255	13	33	united	unite	VERB
emaj-255	13	34	states	states	PROPN
emaj-255	13	35	license	license	NOUN
emaj-255	13	36	.	.	PUNCT
emaj-255	14	1	this	this	DET
emaj-255	14	2	journal	journal	NOUN
emaj-255	14	3	is	be	AUX
emaj-255	14	4	published	publish	VERB
emaj-255	14	5	by	by	ADP
emaj-255	14	6	the	the	DET
emaj-255	14	7	university	university	NOUN
emaj-255	14	8	library	library	NOUN
emaj-255	14	9	system	system	NOUN
emaj-255	14	10	of	of	ADP
emaj-255	14	11	the	the	DET
emaj-255	14	12	university	university	PROPN
emaj-255	14	13	of	of	ADP
emaj-255	14	14	pittsburgh	pittsburgh	PROPN
emaj-255	14	15	as	as	ADP
emaj-255	14	16	part	part	NOUN
emaj-255	14	17	of	of	ADP
emaj-255	14	18	its	its	PRON
emaj-255	14	19	d	d	NOUN
emaj-255	14	20	-	-	PUNCT
emaj-255	14	21	scribe	scribe	VERB
emaj-255	14	22	digital	digital	ADJ
emaj-255	14	23	publishing	publishing	NOUN
emaj-255	14	24	program	program	NOUN
emaj-255	14	25	,	,	PUNCT
emaj-255	14	26	and	and	CCONJ
emaj-255	14	27	is	be	AUX
emaj-255	14	28	cosponsored	cosponsor	VERB
emaj-255	14	29	by	by	ADP
emaj-255	14	30	the	the	DET
emaj-255	14	31	university	university	PROPN
emaj-255	14	32	of	of	ADP
emaj-255	14	33	pittsburgh	pittsburgh	PROPN
emaj-255	14	34	press	press	NOUN
emaj-255	14	35	.	.	PUNCT
emaj-255	15	1	volume	volume	NOUN
emaj-255	15	2	12	12	NUM
emaj-255	15	3	no	no	DET
emaj-255	15	4	1	1	NUM
emaj-255	15	5	(	(	PUNCT
emaj-255	15	6	2022	2022	NUM
emaj-255	15	7	)	)	PUNCT
emaj-255	15	8	|	|	ADV
emaj-255	15	9	issn	issn	VERB
emaj-255	15	10	2158	2158	NUM
emaj-255	15	11	-	-	SYM
emaj-255	15	12	8708	8708	NUM
emaj-255	15	13	(	(	PUNCT
emaj-255	15	14	online	online	NOUN
emaj-255	15	15	)	)	PUNCT
emaj-255	15	16	|	|	ADV
emaj-255	15	17	doi	doi	X
emaj-255	15	18	10.5195	10.5195	NUM
emaj-255	15	19	/	/	SYM
emaj-255	15	20	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	16	1	|	|	NOUN
emaj-255	16	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-255	16	3	|	|	ADV
emaj-255	16	4	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-255	16	5	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-255	16	6	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-255	16	7	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-255	16	8	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-255	16	9	volume	volume	NOUN
emaj-255	16	10	12	12	NUM
emaj-255	16	11	no	no	DET
emaj-255	16	12	1	1	NUM
emaj-255	16	13	(	(	PUNCT
emaj-255	16	14	2022	2022	NUM
emaj-255	16	15	)	)	PUNCT
emaj-255	16	16	|	|	ADV
emaj-255	16	17	issn	issn	VERB
emaj-255	16	18	2158	2158	NUM
emaj-255	16	19	-	-	SYM
emaj-255	16	20	8708	8708	NUM
emaj-255	16	21	(	(	PUNCT
emaj-255	16	22	online	online	NOUN
emaj-255	16	23	)	)	PUNCT
emaj-255	16	24	|	|	ADV
emaj-255	16	25	doi	doi	X
emaj-255	16	26	10.5195	10.5195	NUM
emaj-255	16	27	/	/	SYM
emaj-255	16	28	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	16	29	|	|	ADV
emaj-255	16	30	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-255	16	31	monday	monday	PROPN
emaj-255	16	32	uhunmwangho	uhunmwangho	ADJ
emaj-255	16	33	emerging	emerge	VERB
emaj-255	16	34	markets	market	NOUN
emaj-255	16	35	journal	journal	NOUN
emaj-255	16	36	|	|	ADV
emaj-255	16	37	p	p	NOUN
emaj-255	16	38	a	a	DET
emaj-255	16	39	g	g	NOUN
emaj-255	16	40	e	e	NOUN
emaj-255	16	41	|95	|95	NOUN
emaj-255	16	42	the	the	DET
emaj-255	16	43	effect	effect	NOUN
emaj-255	16	44	of	of	ADP
emaj-255	16	45	regulations	regulation	NOUN
emaj-255	16	46	on	on	ADP
emaj-255	16	47	stock	stock	NOUN
emaj-255	16	48	market	market	NOUN
emaj-255	16	49	risk	risk	NOUN
emaj-255	16	50	(	(	PUNCT
emaj-255	16	51	volatility	volatility	NOUN
emaj-255	16	52	)	)	PUNCT
emaj-255	16	53	in	in	ADP
emaj-255	16	54	nigeria	nigeria	PROPN
emaj-255	16	55	monday	monday	PROPN
emaj-255	16	56	uhunmwangho	uhunmwangho	PROPN
emaj-255	16	57	i.	i.	PROPN
emaj-255	16	58	introduction	introduction	PROPN
emaj-255	16	59	financial	financial	ADJ
emaj-255	16	60	market	market	NOUN
emaj-255	16	61	risks	risk	NOUN
emaj-255	16	62	,	,	PUNCT
emaj-255	16	63	especially	especially	ADV
emaj-255	16	64	the	the	DET
emaj-255	16	65	volatility	volatility	NOUN
emaj-255	16	66	of	of	ADP
emaj-255	16	67	stock	stock	NOUN
emaj-255	16	68	price	price	NOUN
emaj-255	16	69	inhibit	inhibit	NOUN
emaj-255	16	70	investors	investor	NOUN
emaj-255	16	71	’	'	PUNCT
emaj-255	16	72	confidence	confidence	NOUN
emaj-255	16	73	and	and	CCONJ
emaj-255	16	74	possibly	possibly	ADV
emaj-255	16	75	hinder	hinder	VERB
emaj-255	16	76	firms	firm	NOUN
emaj-255	16	77	’	'	PUNCT
emaj-255	16	78	ability	ability	NOUN
emaj-255	16	79	to	to	PART
emaj-255	16	80	raise	raise	VERB
emaj-255	16	81	funds	fund	NOUN
emaj-255	16	82	through	through	ADP
emaj-255	16	83	an	an	DET
emaj-255	16	84	initial	initial	ADJ
emaj-255	16	85	public	public	ADJ
emaj-255	16	86	offering	offering	NOUN
emaj-255	16	87	in	in	ADP
emaj-255	16	88	the	the	DET
emaj-255	16	89	equity	equity	NOUN
emaj-255	16	90	market	market	NOUN
emaj-255	16	91	.	.	PUNCT
emaj-255	17	1	significant	significant	ADJ
emaj-255	17	2	regulatory	regulatory	ADJ
emaj-255	17	3	measures	measure	NOUN
emaj-255	17	4	targeted	target	VERB
emaj-255	17	5	at	at	ADP
emaj-255	17	6	minimizing	minimize	VERB
emaj-255	17	7	financial	financial	ADJ
emaj-255	17	8	risk	risk	NOUN
emaj-255	17	9	have	have	AUX
emaj-255	17	10	taken	take	VERB
emaj-255	17	11	place	place	NOUN
emaj-255	17	12	since	since	SCONJ
emaj-255	17	13	the	the	DET
emaj-255	17	14	2007/2008	2007/2008	NUM
emaj-255	17	15	financial	financial	ADJ
emaj-255	17	16	crisis	crisis	NOUN
emaj-255	17	17	.	.	PUNCT
emaj-255	18	1	notwithstanding	notwithstanding	ADP
emaj-255	18	2	that	that	SCONJ
emaj-255	18	3	measures	measure	NOUN
emaj-255	18	4	were	be	AUX
emaj-255	18	5	in	in	ADP
emaj-255	18	6	place	place	NOUN
emaj-255	18	7	to	to	PART
emaj-255	18	8	guide	guide	VERB
emaj-255	18	9	the	the	DET
emaj-255	18	10	activities	activity	NOUN
emaj-255	18	11	of	of	ADP
emaj-255	18	12	financial	financial	ADJ
emaj-255	18	13	market	market	NOUN
emaj-255	18	14	operators	operator	NOUN
emaj-255	18	15	before	before	ADP
emaj-255	18	16	2007	2007	NUM
emaj-255	18	17	,	,	PUNCT
emaj-255	18	18	the	the	DET
emaj-255	18	19	crises	crisis	NOUN
emaj-255	18	20	exposed	expose	VERB
emaj-255	18	21	the	the	DET
emaj-255	18	22	flaws	flaw	NOUN
emaj-255	18	23	of	of	ADP
emaj-255	18	24	previous	previous	ADJ
emaj-255	18	25	regulatory	regulatory	ADJ
emaj-255	18	26	actions	action	NOUN
emaj-255	18	27	,	,	PUNCT
emaj-255	18	28	and	and	CCONJ
emaj-255	18	29	thus	thus	ADV
emaj-255	18	30	necessitate	necessitate	ADJ
emaj-255	18	31	the	the	DET
emaj-255	18	32	introduction	introduction	NOUN
emaj-255	18	33	of	of	ADP
emaj-255	18	34	more	more	ADJ
emaj-255	18	35	measures	measure	NOUN
emaj-255	18	36	to	to	PART
emaj-255	18	37	reinforce	reinforce	VERB
emaj-255	18	38	earlier	early	ADJ
emaj-255	18	39	regulations	regulation	NOUN
emaj-255	18	40	.	.	PUNCT
emaj-255	19	1	for	for	ADP
emaj-255	19	2	instance	instance	NOUN
emaj-255	19	3	,	,	PUNCT
emaj-255	19	4	basel	basel	PROPN
emaj-255	19	5	iii	iii	NUM
emaj-255	19	6	regulatory	regulatory	ADJ
emaj-255	19	7	rules	rule	NOUN
emaj-255	19	8	came	come	VERB
emaj-255	19	9	into	into	ADP
emaj-255	19	10	existence	existence	NOUN
emaj-255	19	11	,	,	PUNCT
emaj-255	19	12	because	because	SCONJ
emaj-255	19	13	the	the	DET
emaj-255	19	14	previous	previous	ADJ
emaj-255	19	15	regulatory	regulatory	ADJ
emaj-255	19	16	actions	action	NOUN
emaj-255	19	17	failed	fail	VERB
emaj-255	19	18	to	to	PART
emaj-255	19	19	prevent	prevent	VERB
emaj-255	19	20	the	the	DET
emaj-255	19	21	global	global	ADJ
emaj-255	19	22	financial	financial	ADJ
emaj-255	19	23	crises	crisis	NOUN
emaj-255	19	24	(	(	PUNCT
emaj-255	19	25	zgarni	zgarni	PROPN
emaj-255	19	26	&	&	CCONJ
emaj-255	19	27	hassuona	hassuona	PROPN
emaj-255	19	28	,	,	PUNCT
emaj-255	19	29	2018	2018	NUM
emaj-255	19	30	)	)	PUNCT
emaj-255	19	31	.	.	PUNCT
emaj-255	20	1	basel	basel	PROPN
emaj-255	20	2	iii	iii	PROPN
emaj-255	20	3	accord	accord	NOUN
emaj-255	20	4	stressed	stress	VERB
emaj-255	20	5	among	among	ADP
emaj-255	20	6	others	other	NOUN
emaj-255	20	7	the	the	DET
emaj-255	20	8	strengthening	strengthening	NOUN
emaj-255	20	9	of	of	ADP
emaj-255	20	10	banks	bank	NOUN
emaj-255	20	11	’	'	PUNCT
emaj-255	20	12	capital	capital	NOUN
emaj-255	20	13	,	,	PUNCT
emaj-255	20	14	to	to	PART
emaj-255	20	15	build	build	VERB
emaj-255	20	16	the	the	DET
emaj-255	20	17	needed	need	VERB
emaj-255	20	18	resilience	resilience	NOUN
emaj-255	20	19	against	against	ADP
emaj-255	20	20	internal	internal	ADJ
emaj-255	20	21	and	and	CCONJ
emaj-255	20	22	external	external	ADJ
emaj-255	20	23	shocks	shock	NOUN
emaj-255	20	24	.	.	PUNCT
emaj-255	21	1	indeed	indeed	ADV
emaj-255	21	2	,	,	PUNCT
emaj-255	21	3	a	a	DET
emaj-255	21	4	reduction	reduction	NOUN
emaj-255	21	5	in	in	ADP
emaj-255	21	6	risktaking	risktake	VERB
emaj-255	21	7	through	through	ADP
emaj-255	21	8	low	low	ADJ
emaj-255	21	9	leverage	leverage	NOUN
emaj-255	21	10	and	and	CCONJ
emaj-255	21	11	a	a	DET
emaj-255	21	12	boost	boost	NOUN
emaj-255	21	13	in	in	ADP
emaj-255	21	14	banks	bank	NOUN
emaj-255	21	15	’	'	PUNCT
emaj-255	21	16	capital	capital	NOUN
emaj-255	21	17	may	may	AUX
emaj-255	21	18	have	have	VERB
emaj-255	21	19	the	the	DET
emaj-255	21	20	capacity	capacity	NOUN
emaj-255	21	21	to	to	PART
emaj-255	21	22	instill	instill	VERB
emaj-255	21	23	confidence	confidence	NOUN
emaj-255	21	24	and	and	CCONJ
emaj-255	21	25	ensure	ensure	VERB
emaj-255	21	26	stability	stability	NOUN
emaj-255	21	27	in	in	ADP
emaj-255	21	28	the	the	DET
emaj-255	21	29	financial	financial	ADJ
emaj-255	21	30	system	system	NOUN
emaj-255	21	31	,	,	PUNCT
emaj-255	21	32	particularly	particularly	ADV
emaj-255	21	33	the	the	DET
emaj-255	21	34	stock	stock	NOUN
emaj-255	21	35	exchange	exchange	NOUN
emaj-255	21	36	.	.	PUNCT
emaj-255	22	1	however	however	ADV
emaj-255	22	2	,	,	PUNCT
emaj-255	22	3	large	large	ADJ
emaj-255	22	4	capital	capital	NOUN
emaj-255	22	5	at	at	ADP
emaj-255	22	6	the	the	DET
emaj-255	22	7	disposal	disposal	NOUN
emaj-255	22	8	of	of	ADP
emaj-255	22	9	banks	bank	NOUN
emaj-255	22	10	is	be	AUX
emaj-255	22	11	an	an	DET
emaj-255	22	12	incentive	incentive	NOUN
emaj-255	22	13	to	to	PART
emaj-255	22	14	create	create	VERB
emaj-255	22	15	more	more	ADJ
emaj-255	22	16	credits	credit	NOUN
emaj-255	22	17	because	because	SCONJ
emaj-255	22	18	of	of	ADP
emaj-255	22	19	the	the	DET
emaj-255	22	20	excess	excess	ADJ
emaj-255	22	21	liquidity	liquidity	NOUN
emaj-255	22	22	,	,	PUNCT
emaj-255	22	23	and	and	CCONJ
emaj-255	22	24	this	this	PRON
emaj-255	22	25	will	will	AUX
emaj-255	22	26	stimulate	stimulate	VERB
emaj-255	22	27	trading	trading	NOUN
emaj-255	22	28	activities	activity	NOUN
emaj-255	22	29	at	at	ADP
emaj-255	22	30	the	the	DET
emaj-255	22	31	exchange	exchange	NOUN
emaj-255	22	32	,	,	PUNCT
emaj-255	22	33	thus	thus	ADV
emaj-255	22	34	instigating	instigate	VERB
emaj-255	22	35	volatility	volatility	NOUN
emaj-255	22	36	.	.	PUNCT
emaj-255	23	1	therefore	therefore	ADV
emaj-255	23	2	,	,	PUNCT
emaj-255	23	3	to	to	PART
emaj-255	23	4	guarantee	guarantee	VERB
emaj-255	23	5	stability	stability	NOUN
emaj-255	23	6	in	in	ADP
emaj-255	23	7	the	the	DET
emaj-255	23	8	aggregate	aggregate	ADJ
emaj-255	23	9	economy	economy	NOUN
emaj-255	23	10	,	,	PUNCT
emaj-255	23	11	consideration	consideration	NOUN
emaj-255	23	12	should	should	AUX
emaj-255	23	13	also	also	ADV
emaj-255	23	14	be	be	AUX
emaj-255	23	15	given	give	VERB
emaj-255	23	16	to	to	ADP
emaj-255	23	17	the	the	DET
emaj-255	23	18	volatility	volatility	NOUN
emaj-255	23	19	of	of	ADP
emaj-255	23	20	asset	asset	NOUN
emaj-255	23	21	returns	return	NOUN
emaj-255	23	22	because	because	SCONJ
emaj-255	23	23	a	a	DET
emaj-255	23	24	financial	financial	ADJ
emaj-255	23	25	crisis	crisis	NOUN
emaj-255	23	26	occurs	occur	VERB
emaj-255	23	27	when	when	SCONJ
emaj-255	23	28	there	there	PRON
emaj-255	23	29	is	be	VERB
emaj-255	23	30	high	high	ADJ
emaj-255	23	31	uncertainty	uncertainty	NOUN
emaj-255	23	32	in	in	ADP
emaj-255	23	33	the	the	DET
emaj-255	23	34	markets	market	NOUN
emaj-255	23	35	,	,	PUNCT
emaj-255	23	36	portraying	portray	VERB
emaj-255	23	37	that	that	SCONJ
emaj-255	23	38	the	the	DET
emaj-255	23	39	financial	financial	ADJ
emaj-255	23	40	institution	institution	NOUN
emaj-255	23	41	is	be	AUX
emaj-255	23	42	weak	weak	ADJ
emaj-255	23	43	and	and	CCONJ
emaj-255	23	44	face	face	VERB
emaj-255	23	45	macroeconomic	macroeconomic	ADJ
emaj-255	23	46	surprises	surprise	NOUN
emaj-255	23	47	.	.	PUNCT
emaj-255	24	1	it	it	PRON
emaj-255	24	2	is	be	AUX
emaj-255	24	3	on	on	ADP
emaj-255	24	4	this	this	DET
emaj-255	24	5	backdrop	backdrop	NOUN
emaj-255	24	6	that	that	SCONJ
emaj-255	24	7	this	this	DET
emaj-255	24	8	study	study	NOUN
emaj-255	24	9	seeks	seek	VERB
emaj-255	24	10	to	to	PART
emaj-255	24	11	examine	examine	VERB
emaj-255	24	12	whether	whether	SCONJ
emaj-255	24	13	regulations	regulation	NOUN
emaj-255	24	14	postfinancial	postfinancial	ADJ
emaj-255	24	15	crisis	crisis	NOUN
emaj-255	24	16	has	have	AUX
emaj-255	24	17	succeeded	succeed	VERB
emaj-255	24	18	in	in	ADP
emaj-255	24	19	mitigating	mitigate	VERB
emaj-255	24	20	financial	financial	ADJ
emaj-255	24	21	market	market	NOUN
emaj-255	24	22	risk	risk	NOUN
emaj-255	24	23	(	(	PUNCT
emaj-255	24	24	volatility	volatility	NOUN
emaj-255	24	25	)	)	PUNCT
emaj-255	24	26	in	in	ADP
emaj-255	24	27	nigeria	nigeria	PROPN
emaj-255	24	28	.	.	PUNCT
emaj-255	25	1	sarin	sarin	NOUN
emaj-255	25	2	and	and	CCONJ
emaj-255	25	3	summers	summer	NOUN
emaj-255	25	4	(	(	PUNCT
emaj-255	25	5	2016	2016	NUM
emaj-255	25	6	)	)	PUNCT
emaj-255	25	7	showed	show	VERB
emaj-255	25	8	that	that	SCONJ
emaj-255	25	9	indicators	indicator	NOUN
emaj-255	25	10	of	of	ADP
emaj-255	25	11	instability	instability	NOUN
emaj-255	25	12	in	in	ADP
emaj-255	25	13	the	the	DET
emaj-255	25	14	stock	stock	NOUN
emaj-255	25	15	market	market	NOUN
emaj-255	25	16	are	be	AUX
emaj-255	25	17	still	still	ADV
emaj-255	25	18	on	on	ADP
emaj-255	25	19	the	the	DET
emaj-255	25	20	high	high	ADJ
emaj-255	25	21	side	side	NOUN
emaj-255	25	22	post-2007/2009	post-2007/2009	NOUN
emaj-255	25	23	than	than	ADP
emaj-255	25	24	before	before	ADV
emaj-255	25	25	,	,	PUNCT
emaj-255	25	26	an	an	DET
emaj-255	25	27	indication	indication	NOUN
emaj-255	25	28	that	that	SCONJ
emaj-255	25	29	existing	exist	VERB
emaj-255	25	30	regulations	regulation	NOUN
emaj-255	25	31	aimed	aim	VERB
emaj-255	25	32	at	at	ADP
emaj-255	25	33	arresting	arrest	VERB
emaj-255	25	34	market	market	NOUN
emaj-255	25	35	risk	risk	NOUN
emaj-255	25	36	may	may	AUX
emaj-255	25	37	not	not	PART
emaj-255	25	38	have	have	AUX
emaj-255	25	39	achieved	achieve	VERB
emaj-255	25	40	the	the	DET
emaj-255	25	41	desired	desire	VERB
emaj-255	25	42	result	result	NOUN
emaj-255	25	43	.	.	PUNCT
emaj-255	26	1	however	however	ADV
emaj-255	26	2	,	,	PUNCT
emaj-255	26	3	onoh	onoh	PROPN
emaj-255	26	4	(	(	PUNCT
emaj-255	26	5	2017	2017	NUM
emaj-255	26	6	)	)	PUNCT
emaj-255	26	7	declared	declare	VERB
emaj-255	26	8	that	that	SCONJ
emaj-255	26	9	the	the	DET
emaj-255	26	10	use	use	NOUN
emaj-255	26	11	of	of	ADP
emaj-255	26	12	prudential	prudential	ADJ
emaj-255	26	13	guidelines	guideline	NOUN
emaj-255	26	14	,	,	PUNCT
emaj-255	26	15	specifically	specifically	ADV
emaj-255	26	16	monetary	monetary	ADJ
emaj-255	26	17	policy	policy	NOUN
emaj-255	26	18	is	be	AUX
emaj-255	26	19	yielding	yield	VERB
emaj-255	26	20	the	the	DET
emaj-255	26	21	desired	desire	VERB
emaj-255	26	22	outcome	outcome	NOUN
emaj-255	26	23	.	.	PUNCT
emaj-255	27	1	gummi	gummi	PROPN
emaj-255	27	2	(	(	PUNCT
emaj-255	27	3	2015	2015	NUM
emaj-255	27	4	)	)	PUNCT
emaj-255	27	5	reviewed	review	VERB
emaj-255	27	6	the	the	DET
emaj-255	27	7	effect	effect	NOUN
emaj-255	27	8	of	of	ADP
emaj-255	27	9	regulation	regulation	NOUN
emaj-255	27	10	on	on	ADP
emaj-255	27	11	banks	bank	NOUN
emaj-255	27	12	in	in	ADP
emaj-255	27	13	nigeria	nigeria	PROPN
emaj-255	27	14	since	since	SCONJ
emaj-255	27	15	2005	2005	NUM
emaj-255	27	16	and	and	CCONJ
emaj-255	27	17	reported	report	VERB
emaj-255	27	18	that	that	SCONJ
emaj-255	27	19	regulation	regulation	NOUN
emaj-255	27	20	boosts	boost	VERB
emaj-255	27	21	confidence	confidence	NOUN
emaj-255	27	22	,	,	PUNCT
emaj-255	27	23	safety	safety	NOUN
emaj-255	27	24	,	,	PUNCT
emaj-255	27	25	and	and	CCONJ
emaj-255	27	26	stability	stability	NOUN
emaj-255	27	27	of	of	ADP
emaj-255	27	28	the	the	DET
emaj-255	27	29	system	system	NOUN
emaj-255	27	30	.	.	PUNCT
emaj-255	28	1	elkelish	elkelish	PROPN
emaj-255	28	2	and	and	CCONJ
emaj-255	28	3	tucker	tucker	PROPN
emaj-255	28	4	(	(	PUNCT
emaj-255	28	5	2016	2016	NUM
emaj-255	28	6	)	)	PUNCT
emaj-255	28	7	investigated	investigate	VERB
emaj-255	28	8	the	the	DET
emaj-255	28	9	impact	impact	NOUN
emaj-255	28	10	of	of	ADP
emaj-255	28	11	regulatory	regulatory	ADJ
emaj-255	28	12	capital	capital	NOUN
emaj-255	28	13	on	on	ADP
emaj-255	28	14	stock	stock	NOUN
emaj-255	28	15	market	market	NOUN
emaj-255	28	16	stability	stability	NOUN
emaj-255	28	17	during	during	ADP
emaj-255	28	18	the	the	DET
emaj-255	28	19	crisis	crisis	NOUN
emaj-255	28	20	period	period	NOUN
emaj-255	28	21	and	and	CCONJ
emaj-255	28	22	reported	report	VERB
emaj-255	28	23	that	that	SCONJ
emaj-255	28	24	regulatory	regulatory	ADJ
emaj-255	28	25	capital	capital	NOUN
emaj-255	28	26	ensures	ensure	VERB
emaj-255	28	27	stock	stock	NOUN
emaj-255	28	28	market	market	NOUN
emaj-255	28	29	stability	stability	NOUN
emaj-255	28	30	.	.	PUNCT
emaj-255	29	1	zare	zare	PROPN
emaj-255	29	2	,	,	PUNCT
emaj-255	29	3	azahi	azahi	ADV
emaj-255	29	4	and	and	CCONJ
emaj-255	29	5	habitullah	habitullah	PROPN
emaj-255	29	6	(	(	PUNCT
emaj-255	29	7	2013	2013	NUM
emaj-255	29	8	)	)	PUNCT
emaj-255	29	9	examined	examine	VERB
emaj-255	29	10	the	the	DET
emaj-255	29	11	effect	effect	NOUN
emaj-255	29	12	of	of	ADP
emaj-255	29	13	monetary	monetary	ADJ
emaj-255	29	14	policy	policy	NOUN
emaj-255	29	15	surrogate	surrogate	NOUN
emaj-255	29	16	by	by	ADP
emaj-255	29	17	the	the	DET
emaj-255	29	18	interest	interest	NOUN
emaj-255	29	19	rate	rate	NOUN
emaj-255	29	20	on	on	ADP
emaj-255	29	21	stock	stock	NOUN
emaj-255	29	22	market	market	NOUN
emaj-255	29	23	volatility	volatility	NOUN
emaj-255	29	24	in	in	ADP
emaj-255	29	25	developing	develop	VERB
emaj-255	29	26	countries	country	NOUN
emaj-255	29	27	and	and	CCONJ
emaj-255	29	28	discovered	discover	VERB
emaj-255	29	29	that	that	SCONJ
emaj-255	29	30	interest	interest	NOUN
emaj-255	29	31	rate	rate	NOUN
emaj-255	29	32	influence	influence	NOUN
emaj-255	29	33	stock	stock	NOUN
emaj-255	29	34	market	market	NOUN
emaj-255	29	35	volatility	volatility	NOUN
emaj-255	29	36	.	.	PUNCT
emaj-255	30	1	it	it	PRON
emaj-255	30	2	is	be	AUX
emaj-255	30	3	obvious	obvious	ADJ
emaj-255	30	4	from	from	ADP
emaj-255	30	5	the	the	DET
emaj-255	30	6	foregoing	foregoing	NOUN
emaj-255	30	7	that	that	SCONJ
emaj-255	30	8	,	,	PUNCT
emaj-255	30	9	joint	joint	ADJ
emaj-255	30	10	utilization	utilization	NOUN
emaj-255	30	11	of	of	ADP
emaj-255	30	12	micro	micro	PROPN
emaj-255	30	13	(	(	PUNCT
emaj-255	30	14	firm	firm	NOUN
emaj-255	30	15	’s	’s	PART
emaj-255	30	16	specific	specific	ADJ
emaj-255	30	17	)	)	PUNCT
emaj-255	30	18	and	and	CCONJ
emaj-255	30	19	macro	macro	ADJ
emaj-255	30	20	(	(	PUNCT
emaj-255	30	21	aggregate	aggregate	ADJ
emaj-255	30	22	)	)	PUNCT
emaj-255	30	23	regulatory	regulatory	ADJ
emaj-255	30	24	indicators	indicator	NOUN
emaj-255	30	25	to	to	PART
emaj-255	30	26	tackle	tackle	VERB
emaj-255	30	27	stock	stock	NOUN
emaj-255	30	28	market	market	NOUN
emaj-255	30	29	risk	risk	NOUN
emaj-255	30	30	is	be	AUX
emaj-255	30	31	uncommon	uncommon	ADJ
emaj-255	30	32	in	in	ADP
emaj-255	30	33	nigeria	nigeria	PROPN
emaj-255	30	34	.	.	PUNCT
emaj-255	31	1	to	to	ADP
emaj-255	31	2	this	this	DET
emaj-255	31	3	end	end	NOUN
emaj-255	31	4	,	,	PUNCT
emaj-255	31	5	both	both	PRON
emaj-255	31	6	economywise	economywise	PROPN
emaj-255	31	7	and	and	CCONJ
emaj-255	31	8	bank	bank	PROPN
emaj-255	31	9	regulatory	regulatory	ADJ
emaj-255	31	10	variables	variable	NOUN
emaj-255	31	11	are	be	AUX
emaj-255	31	12	engaged	engage	VERB
emaj-255	31	13	in	in	ADP
emaj-255	31	14	this	this	DET
emaj-255	31	15	study	study	NOUN
emaj-255	31	16	to	to	PART
emaj-255	31	17	examine	examine	VERB
emaj-255	31	18	whether	whether	SCONJ
emaj-255	31	19	regulations	regulation	NOUN
emaj-255	31	20	have	have	VERB
emaj-255	31	21	a	a	DET
emaj-255	31	22	significant	significant	ADJ
emaj-255	31	23	effect	effect	NOUN
emaj-255	31	24	on	on	ADP
emaj-255	31	25	the	the	DET
emaj-255	31	26	volatility	volatility	NOUN
emaj-255	31	27	in	in	ADP
emaj-255	31	28	the	the	DET
emaj-255	31	29	nigerian	nigerian	ADJ
emaj-255	31	30	stock	stock	NOUN
emaj-255	31	31	market	market	NOUN
emaj-255	31	32	postfinancial	postfinancial	ADJ
emaj-255	31	33	crisis	crisis	NOUN
emaj-255	31	34	.	.	PUNCT
emaj-255	32	1	this	this	DET
emaj-255	32	2	study	study	NOUN
emaj-255	32	3	is	be	AUX
emaj-255	32	4	of	of	ADP
emaj-255	32	5	the	the	DET
emaj-255	32	6	view	view	NOUN
emaj-255	32	7	that	that	SCONJ
emaj-255	32	8	in	in	ADP
emaj-255	32	9	measuring	measure	VERB
emaj-255	32	10	the	the	DET
emaj-255	32	11	effect	effect	NOUN
emaj-255	32	12	of	of	ADP
emaj-255	32	13	regulations	regulation	NOUN
emaj-255	32	14	on	on	ADP
emaj-255	32	15	stock	stock	NOUN
emaj-255	32	16	market	market	NOUN
emaj-255	32	17	instability	instability	NOUN
emaj-255	32	18	,	,	PUNCT
emaj-255	32	19	there	there	PRON
emaj-255	32	20	is	be	VERB
emaj-255	32	21	a	a	DET
emaj-255	32	22	need	need	NOUN
emaj-255	32	23	to	to	PART
emaj-255	32	24	activate	activate	VERB
emaj-255	32	25	firms	firm	NOUN
emaj-255	32	26	’	’	PART
emaj-255	32	27	specific	specific	ADJ
emaj-255	32	28	and	and	CCONJ
emaj-255	32	29	economy	economy	NOUN
emaj-255	32	30	-	-	PUNCT
emaj-255	32	31	wise	wise	ADJ
emaj-255	32	32	monetary	monetary	ADJ
emaj-255	32	33	policy	policy	NOUN
emaj-255	32	34	regulatory	regulatory	ADJ
emaj-255	32	35	factors	factor	NOUN
emaj-255	32	36	.	.	PUNCT
emaj-255	33	1	indeed	indeed	ADV
emaj-255	33	2	,	,	PUNCT
emaj-255	33	3	regulation	regulation	NOUN
emaj-255	33	4	directed	direct	VERB
emaj-255	33	5	at	at	ADP
emaj-255	33	6	curtailing	curtail	VERB
emaj-255	33	7	banks	bank	NOUN
emaj-255	33	8	’	'	PUNCT
emaj-255	33	9	credit	credit	NOUN
emaj-255	33	10	creation	creation	NOUN
emaj-255	33	11	may	may	AUX
emaj-255	33	12	hinder	hinder	VERB
emaj-255	33	13	access	access	NOUN
emaj-255	33	14	to	to	ADP
emaj-255	33	15	investment	investment	NOUN
emaj-255	33	16	funds	fund	NOUN
emaj-255	33	17	,	,	PUNCT
emaj-255	33	18	thus	thus	ADV
emaj-255	33	19	limiting	limit	VERB
emaj-255	33	20	the	the	DET
emaj-255	33	21	volume	volume	NOUN
emaj-255	33	22	of	of	ADP
emaj-255	33	23	trading	trading	NOUN
emaj-255	33	24	activities	activity	NOUN
emaj-255	33	25	at	at	ADP
emaj-255	33	26	the	the	DET
emaj-255	33	27	exchange	exchange	NOUN
emaj-255	33	28	,	,	PUNCT
emaj-255	33	29	and	and	CCONJ
emaj-255	33	30	this	this	PRON
emaj-255	33	31	may	may	AUX
emaj-255	33	32	affect	affect	VERB
emaj-255	33	33	stock	stock	NOUN
emaj-255	33	34	market	market	NOUN
emaj-255	33	35	risk	risk	NOUN
emaj-255	33	36	(	(	PUNCT
emaj-255	33	37	volatility	volatility	NOUN
emaj-255	33	38	)	)	PUNCT
emaj-255	33	39	.	.	PUNCT
emaj-255	34	1	ii	ii	PROPN
emaj-255	34	2	.	.	PUNCT
emaj-255	35	1	literature	literature	PROPN
emaj-255	35	2	review	review	VERB
emaj-255	35	3	financial	financial	ADJ
emaj-255	35	4	regulations	regulation	NOUN
emaj-255	35	5	and	and	CCONJ
emaj-255	35	6	stock	stock	NOUN
emaj-255	35	7	market	market	NOUN
emaj-255	35	8	regulations	regulation	NOUN
emaj-255	35	9	are	be	AUX
emaj-255	35	10	the	the	DET
emaj-255	35	11	standard	standard	NOUN
emaj-255	35	12	of	of	ADP
emaj-255	35	13	behaviour	behaviour	NOUN
emaj-255	35	14	economic	economic	ADJ
emaj-255	35	15	agents	agent	NOUN
emaj-255	35	16	,	,	PUNCT
emaj-255	35	17	that	that	PRON
emaj-255	35	18	are	be	AUX
emaj-255	35	19	expected	expect	VERB
emaj-255	35	20	to	to	PART
emaj-255	35	21	comply	comply	VERB
emaj-255	35	22	with	with	ADP
emaj-255	35	23	while	while	SCONJ
emaj-255	35	24	carrying	carry	VERB
emaj-255	35	25	out	out	ADP
emaj-255	35	26	their	their	PRON
emaj-255	35	27	activities	activity	NOUN
emaj-255	35	28	.	.	PUNCT
emaj-255	36	1	financial	financial	ADJ
emaj-255	36	2	regulations	regulation	NOUN
emaj-255	36	3	are	be	AUX
emaj-255	36	4	a	a	DET
emaj-255	36	5	compendium	compendium	NOUN
emaj-255	36	6	of	of	ADP
emaj-255	36	7	guidelines	guideline	NOUN
emaj-255	36	8	instituted	institute	VERB
emaj-255	36	9	by	by	ADP
emaj-255	36	10	the	the	DET
emaj-255	36	11	government	government	NOUN
emaj-255	36	12	and	and	CCONJ
emaj-255	36	13	targeted	target	VERB
emaj-255	36	14	at	at	ADP
emaj-255	36	15	controlling	control	VERB
emaj-255	36	16	the	the	DET
emaj-255	36	17	activities	activity	NOUN
emaj-255	36	18	of	of	ADP
emaj-255	36	19	the	the	DET
emaj-255	36	20	operators	operator	NOUN
emaj-255	36	21	in	in	ADP
emaj-255	36	22	the	the	DET
emaj-255	36	23	financial	financial	ADJ
emaj-255	36	24	system	system	NOUN
emaj-255	36	25	(	(	PUNCT
emaj-255	36	26	chris	chris	PROPN
emaj-255	36	27	,	,	PUNCT
emaj-255	36	28	2003	2003	NUM
emaj-255	36	29	)	)	PUNCT
emaj-255	36	30	.	.	PUNCT
emaj-255	37	1	regulation	regulation	NOUN
emaj-255	37	2	is	be	AUX
emaj-255	37	3	initiated	initiate	VERB
emaj-255	37	4	when	when	SCONJ
emaj-255	37	5	it	it	PRON
emaj-255	37	6	is	be	AUX
emaj-255	37	7	perceived	perceive	VERB
emaj-255	37	8	that	that	SCONJ
emaj-255	37	9	the	the	DET
emaj-255	37	10	behaviors	behavior	NOUN
emaj-255	37	11	of	of	ADP
emaj-255	37	12	economic	economic	ADJ
emaj-255	37	13	agents	agent	NOUN
emaj-255	37	14	will	will	AUX
emaj-255	37	15	harm	harm	VERB
emaj-255	37	16	the	the	DET
emaj-255	37	17	economy	economy	NOUN
emaj-255	37	18	.	.	PUNCT
emaj-255	38	1	this	this	PRON
emaj-255	38	2	means	mean	VERB
emaj-255	38	3	that	that	SCONJ
emaj-255	38	4	,	,	PUNCT
emaj-255	38	5	government	government	NOUN
emaj-255	38	6	intervention	intervention	NOUN
emaj-255	38	7	is	be	AUX
emaj-255	38	8	premised	premise	VERB
emaj-255	38	9	on	on	ADP
emaj-255	38	10	the	the	DET
emaj-255	38	11	belief	belief	NOUN
emaj-255	38	12	that	that	SCONJ
emaj-255	38	13	it	it	PRON
emaj-255	38	14	knows	know	VERB
emaj-255	38	15	what	what	PRON
emaj-255	38	16	is	be	AUX
emaj-255	38	17	best	good	ADJ
emaj-255	38	18	for	for	ADP
emaj-255	38	19	the	the	DET
emaj-255	38	20	citizens	citizen	NOUN
emaj-255	38	21	than	than	SCONJ
emaj-255	38	22	they	they	PRON
emaj-255	38	23	do	do	VERB
emaj-255	38	24	themselves	themselves	PRON
emaj-255	38	25	(	(	PUNCT
emaj-255	38	26	ajefu	ajefu	NOUN
emaj-255	38	27	&	&	CCONJ
emaj-255	38	28	barde	barde	PROPN
emaj-255	38	29	,	,	PUNCT
emaj-255	38	30	2015	2015	NUM
emaj-255	38	31	)	)	PUNCT
emaj-255	38	32	.	.	PUNCT
emaj-255	39	1	indeed	indeed	ADV
emaj-255	39	2	,	,	PUNCT
emaj-255	39	3	basel	basel	PROPN
emaj-255	39	4	iii	iii	NUM
emaj-255	39	5	regulatory	regulatory	ADJ
emaj-255	39	6	guidelines	guideline	NOUN
emaj-255	39	7	came	come	VERB
emaj-255	39	8	into	into	ADP
emaj-255	39	9	operation	operation	NOUN
emaj-255	39	10	to	to	PART
emaj-255	39	11	strengthen	strengthen	VERB
emaj-255	39	12	the	the	DET
emaj-255	39	13	banking	banking	NOUN
emaj-255	39	14	system	system	NOUN
emaj-255	39	15	following	follow	VERB
emaj-255	39	16	the	the	DET
emaj-255	39	17	distortions	distortion	NOUN
emaj-255	39	18	caused	cause	VERB
emaj-255	39	19	by	by	ADP
emaj-255	39	20	the	the	DET
emaj-255	39	21	financial	financial	ADJ
emaj-255	39	22	crisis	crisis	NOUN
emaj-255	39	23	of	of	ADP
emaj-255	39	24	2007	2007	NUM
emaj-255	39	25	.	.	PUNCT
emaj-255	40	1	dewatripont	dewatripont	PROPN
emaj-255	40	2	and	and	CCONJ
emaj-255	40	3	tirole	tirole	PROPN
emaj-255	40	4	(	(	PUNCT
emaj-255	40	5	1994	1994	NUM
emaj-255	40	6	)	)	PUNCT
emaj-255	40	7	declared	declare	VERB
emaj-255	40	8	that	that	SCONJ
emaj-255	40	9	regulatory	regulatory	ADJ
emaj-255	40	10	capital	capital	NOUN
emaj-255	40	11	is	be	AUX
emaj-255	40	12	a	a	DET
emaj-255	40	13	procedure	procedure	NOUN
emaj-255	40	14	by	by	ADP
emaj-255	40	15	which	which	PRON
emaj-255	40	16	depositors	depositor	NOUN
emaj-255	40	17	assigned	assign	VERB
emaj-255	40	18	power	power	NOUN
emaj-255	40	19	to	to	ADP
emaj-255	40	20	regulators	regulator	NOUN
emaj-255	40	21	to	to	PART
emaj-255	40	22	control	control	VERB
emaj-255	40	23	the	the	DET
emaj-255	40	24	activities	activity	NOUN
emaj-255	40	25	of	of	ADP
emaj-255	40	26	banks	bank	NOUN
emaj-255	40	27	,	,	PUNCT
emaj-255	40	28	particularly	particularly	ADV
emaj-255	40	29	as	as	SCONJ
emaj-255	40	30	it	it	PRON
emaj-255	40	31	relates	relate	VERB
emaj-255	40	32	to	to	ADP
emaj-255	40	33	risktaking	risktake	VERB
emaj-255	40	34	.	.	PUNCT
emaj-255	41	1	certainly	certainly	ADV
emaj-255	41	2	,	,	PUNCT
emaj-255	41	3	the	the	DET
emaj-255	41	4	capital	capital	NOUN
emaj-255	41	5	requirement	requirement	NOUN
emaj-255	41	6	is	be	AUX
emaj-255	41	7	vital	vital	ADJ
emaj-255	41	8	because	because	SCONJ
emaj-255	41	9	adequate	adequate	ADJ
emaj-255	41	10	capital	capital	NOUN
emaj-255	41	11	in	in	ADP
emaj-255	41	12	the	the	DET
emaj-255	41	13	possession	possession	NOUN
emaj-255	41	14	of	of	ADP
emaj-255	41	15	banks	bank	NOUN
emaj-255	41	16	helps	help	VERB
emaj-255	41	17	to	to	PART
emaj-255	41	18	safeguard	safeguard	VERB
emaj-255	41	19	exposure	exposure	NOUN
emaj-255	41	20	to	to	ADP
emaj-255	41	21	failure	failure	NOUN
emaj-255	41	22	(	(	PUNCT
emaj-255	41	23	chortareas	chortarea	NOUN
emaj-255	41	24	,	,	PUNCT
emaj-255	41	25	girardone	girardone	PROPN
emaj-255	41	26	&	&	CCONJ
emaj-255	41	27	ventouri	ventouri	PROPN
emaj-255	41	28	,	,	PUNCT
emaj-255	41	29	2012	2012	NUM
emaj-255	41	30	)	)	PUNCT
emaj-255	41	31	,	,	PUNCT
emaj-255	41	32	and	and	CCONJ
emaj-255	41	33	boosts	boost	VERB
emaj-255	41	34	resilience	resilience	NOUN
emaj-255	41	35	in	in	ADP
emaj-255	41	36	a	a	DET
emaj-255	41	37	crisis	crisis	NOUN
emaj-255	41	38	situation	situation	NOUN
emaj-255	41	39	.	.	PUNCT
emaj-255	42	1	however	however	ADV
emaj-255	42	2	,	,	PUNCT
emaj-255	42	3	large	large	ADJ
emaj-255	42	4	capital	capital	NOUN
emaj-255	42	5	at	at	ADP
emaj-255	42	6	the	the	DET
emaj-255	42	7	disposal	disposal	NOUN
emaj-255	42	8	of	of	ADP
emaj-255	42	9	banks	bank	NOUN
emaj-255	42	10	is	be	AUX
emaj-255	42	11	an	an	DET
emaj-255	42	12	incentive	incentive	NOUN
emaj-255	42	13	to	to	PART
emaj-255	42	14	create	create	VERB
emaj-255	42	15	more	more	ADJ
emaj-255	42	16	credits	credit	NOUN
emaj-255	42	17	because	because	SCONJ
emaj-255	42	18	of	of	ADP
emaj-255	42	19	the	the	DET
emaj-255	42	20	excess	excess	ADJ
emaj-255	42	21	liquidity	liquidity	NOUN
emaj-255	42	22	,	,	PUNCT
emaj-255	42	23	and	and	CCONJ
emaj-255	42	24	this	this	PRON
emaj-255	42	25	will	will	AUX
emaj-255	42	26	stimulate	stimulate	VERB
emaj-255	42	27	trading	trading	NOUN
emaj-255	42	28	activities	activity	NOUN
emaj-255	42	29	at	at	ADP
emaj-255	42	30	the	the	DET
emaj-255	42	31	exchange	exchange	NOUN
emaj-255	42	32	,	,	PUNCT
emaj-255	42	33	thus	thus	ADV
emaj-255	42	34	instigating	instigate	VERB
emaj-255	42	35	volatility	volatility	NOUN
emaj-255	42	36	.	.	PUNCT
emaj-255	43	1	central	central	ADJ
emaj-255	43	2	banks	bank	NOUN
emaj-255	43	3	regulate	regulate	VERB
emaj-255	43	4	the	the	DET
emaj-255	43	5	behavior	behavior	NOUN
emaj-255	43	6	of	of	ADP
emaj-255	43	7	financial	financial	ADJ
emaj-255	43	8	institutions	institution	NOUN
emaj-255	43	9	(	(	PUNCT
emaj-255	43	10	fabizzi	fabizzi	PROPN
emaj-255	43	11	&	&	CCONJ
emaj-255	43	12	drake	drake	PROPN
emaj-255	43	13	,	,	PUNCT
emaj-255	43	14	2009	2009	NUM
emaj-255	43	15	)	)	PUNCT
emaj-255	43	16	through	through	ADP
emaj-255	43	17	monetary	monetary	ADJ
emaj-255	43	18	policies	policy	NOUN
emaj-255	43	19	,	,	PUNCT
emaj-255	43	20	and	and	CCONJ
emaj-255	43	21	the	the	DET
emaj-255	43	22	effect	effect	NOUN
emaj-255	43	23	is	be	AUX
emaj-255	43	24	conveyed	convey	VERB
emaj-255	43	25	through	through	ADP
emaj-255	43	26	liquidity	liquidity	NOUN
emaj-255	43	27	,	,	PUNCT
emaj-255	43	28	credits	credit	NOUN
emaj-255	43	29	,	,	PUNCT
emaj-255	43	30	and	and	CCONJ
emaj-255	43	31	exchange	exchange	NOUN
emaj-255	43	32	rate	rate	NOUN
emaj-255	43	33	(	(	PUNCT
emaj-255	43	34	osuagwu	osuagwu	ADV
emaj-255	43	35	,	,	PUNCT
emaj-255	43	36	2009	2009	NUM
emaj-255	43	37	citing	cite	VERB
emaj-255	43	38	uchedu	uchedu	NOUN
emaj-255	43	39	,	,	PUNCT
emaj-255	43	40	1996	1996	NUM
emaj-255	43	41	)	)	PUNCT
emaj-255	43	42	to	to	ADP
emaj-255	43	43	the	the	DET
emaj-255	43	44	financial	financial	ADJ
emaj-255	43	45	market	market	NOUN
emaj-255	43	46	.	.	PUNCT
emaj-255	44	1	undeniably	undeniably	ADV
emaj-255	44	2	,	,	PUNCT
emaj-255	44	3	liquidity	liquidity	NOUN
emaj-255	44	4	rates	rate	NOUN
emaj-255	44	5	and	and	CCONJ
emaj-255	44	6	monetary	monetary	ADJ
emaj-255	44	7	policy	policy	NOUN
emaj-255	44	8	rates	rate	NOUN
emaj-255	44	9	are	be	AUX
emaj-255	44	10	commonly	commonly	ADV
emaj-255	44	11	used	use	VERB
emaj-255	44	12	to	to	PART
emaj-255	44	13	ensure	ensure	VERB
emaj-255	44	14	stability	stability	NOUN
emaj-255	44	15	in	in	ADP
emaj-255	44	16	the	the	DET
emaj-255	44	17	financial	financial	ADJ
emaj-255	44	18	system	system	NOUN
emaj-255	44	19	.	.	PUNCT
emaj-255	45	1	huo	huo	NOUN
emaj-255	45	2	and	and	CCONJ
emaj-255	45	3	rios	rios	PROPN
emaj-255	45	4	-	-	PUNCT
emaj-255	45	5	rull	rull	ADJ
emaj-255	45	6	(	(	PUNCT
emaj-255	45	7	2016	2016	NUM
emaj-255	45	8	)	)	PUNCT
emaj-255	45	9	asserted	assert	VERB
emaj-255	45	10	that	that	SCONJ
emaj-255	45	11	borrowing	borrowing	NOUN
emaj-255	45	12	constraints	constraint	NOUN
emaj-255	45	13	decrease	decrease	VERB
emaj-255	45	14	domestic	domestic	ADJ
emaj-255	45	15	prices	price	NOUN
emaj-255	45	16	,	,	PUNCT
emaj-255	45	17	and	and	CCONJ
emaj-255	45	18	lower	low	ADJ
emaj-255	45	19	wealth	wealth	NOUN
emaj-255	45	20	,	,	PUNCT
emaj-255	45	21	particularly	particularly	ADV
emaj-255	45	22	for	for	ADP
emaj-255	45	23	extremely	extremely	ADV
emaj-255	45	24	indebted	indebted	ADJ
emaj-255	45	25	economic	economic	ADJ
emaj-255	45	26	agents	agent	NOUN
emaj-255	45	27	;	;	PUNCT
emaj-255	45	28	and	and	CCONJ
emaj-255	45	29	this	this	PRON
emaj-255	45	30	ultimately	ultimately	ADV
emaj-255	45	31	may	may	AUX
emaj-255	45	32	affect	affect	VERB
emaj-255	45	33	stock	stock	NOUN
emaj-255	45	34	market	market	NOUN
emaj-255	45	35	activities	activity	NOUN
emaj-255	45	36	.	.	PUNCT
emaj-255	46	1	the	the	DET
emaj-255	46	2	reduction	reduction	NOUN
emaj-255	46	3	in	in	ADP
emaj-255	46	4	trading	trading	NOUN
emaj-255	46	5	activities	activity	NOUN
emaj-255	46	6	at	at	ADP
emaj-255	46	7	the	the	DET
emaj-255	46	8	exchange	exchange	NOUN
emaj-255	46	9	has	have	AUX
emaj-255	46	10	been	be	AUX
emaj-255	46	11	credited	credit	VERB
emaj-255	46	12	to	to	ADP
emaj-255	46	13	financial	financial	ADJ
emaj-255	46	14	and	and	CCONJ
emaj-255	46	15	cash	cash	NOUN
emaj-255	46	16	policies	policy	NOUN
emaj-255	46	17	(	(	PUNCT
emaj-255	46	18	shaban	shaban	PROPN
emaj-255	46	19	,	,	PUNCT
emaj-255	46	20	al	al	PROPN
emaj-255	46	21	-	-	PUNCT
emaj-255	46	22	zubi	zubi	PROPN
emaj-255	46	23	&	&	CCONJ
emaj-255	46	24	alghusin	alghusin	PROPN
emaj-255	46	25	,	,	PUNCT
emaj-255	46	26	2017	2017	NUM
emaj-255	46	27	)	)	PUNCT
emaj-255	46	28	.	.	PUNCT
emaj-255	47	1	jun	jun	PROPN
emaj-255	47	2	,	,	PUNCT
emaj-255	47	3	marathe	marathe	ADJ
emaj-255	47	4	and	and	CCONJ
emaj-255	47	5	shawky	shawky	ADJ
emaj-255	47	6	(	(	PUNCT
emaj-255	47	7	2003	2003	NUM
emaj-255	47	8	)	)	PUNCT
emaj-255	47	9	posited	posit	VERB
emaj-255	47	10	that	that	SCONJ
emaj-255	47	11	macroeconomic	macroeconomic	ADJ
emaj-255	47	12	policies	policy	NOUN
emaj-255	47	13	,	,	PUNCT
emaj-255	47	14	as	as	ADV
emaj-255	47	15	well	well	ADV
emaj-255	47	16	as	as	ADP
emaj-255	47	17	legal	legal	ADJ
emaj-255	47	18	activities	activity	NOUN
emaj-255	47	19	,	,	PUNCT
emaj-255	47	20	impact	impact	VERB
emaj-255	47	21	stock	stock	NOUN
emaj-255	47	22	market	market	NOUN
emaj-255	47	23	behavior	behavior	NOUN
emaj-255	47	24	.	.	PUNCT
emaj-255	48	1	volume	volume	NOUN
emaj-255	48	2	12	12	NUM
emaj-255	48	3	no	no	DET
emaj-255	48	4	1	1	NUM
emaj-255	48	5	(	(	PUNCT
emaj-255	48	6	2022	2022	NUM
emaj-255	48	7	)	)	PUNCT
emaj-255	48	8	|	|	ADV
emaj-255	48	9	issn	issn	VERB
emaj-255	48	10	2158	2158	NUM
emaj-255	48	11	-	-	SYM
emaj-255	48	12	8708	8708	NUM
emaj-255	48	13	(	(	PUNCT
emaj-255	48	14	online	online	NOUN
emaj-255	48	15	)	)	PUNCT
emaj-255	48	16	|	|	ADV
emaj-255	48	17	doi	doi	X
emaj-255	48	18	10.5195	10.5195	NUM
emaj-255	48	19	/	/	SYM
emaj-255	48	20	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	48	21	|	|	ADV
emaj-255	48	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-255	48	23	the	the	DET
emaj-255	48	24	effect	effect	NOUN
emaj-255	48	25	of	of	ADP
emaj-255	48	26	regulations	regulation	NOUN
emaj-255	48	27	on	on	ADP
emaj-255	48	28	stock	stock	NOUN
emaj-255	48	29	market	market	NOUN
emaj-255	48	30	risk	risk	NOUN
emaj-255	48	31	(	(	PUNCT
emaj-255	48	32	volatility	volatility	NOUN
emaj-255	48	33	)	)	PUNCT
emaj-255	48	34	in	in	ADP
emaj-255	48	35	nigeria	nigeria	PROPN
emaj-255	48	36	page	page	NOUN
emaj-255	48	37	|96|	|96|	VERB
emaj-255	48	38	emerging	emerge	VERB
emaj-255	48	39	markets	market	NOUN
emaj-255	48	40	journal	journal	VERB
emaj-255	48	41	the	the	DET
emaj-255	48	42	reactions	reaction	NOUN
emaj-255	48	43	of	of	ADP
emaj-255	48	44	the	the	DET
emaj-255	48	45	stock	stock	NOUN
emaj-255	48	46	market	market	NOUN
emaj-255	48	47	to	to	ADP
emaj-255	48	48	regulations	regulation	NOUN
emaj-255	48	49	may	may	AUX
emaj-255	48	50	also	also	ADV
emaj-255	48	51	be	be	AUX
emaj-255	48	52	ascribed	ascribe	VERB
emaj-255	48	53	to	to	ADP
emaj-255	48	54	frictions	friction	NOUN
emaj-255	48	55	because	because	SCONJ
emaj-255	48	56	of	of	ADP
emaj-255	48	57	the	the	DET
emaj-255	48	58	effect	effect	NOUN
emaj-255	48	59	of	of	ADP
emaj-255	48	60	regulations	regulation	NOUN
emaj-255	48	61	on	on	ADP
emaj-255	48	62	investors	investor	NOUN
emaj-255	48	63	’	'	PUNCT
emaj-255	48	64	confidence	confidence	NOUN
emaj-255	48	65	and	and	CCONJ
emaj-255	48	66	the	the	DET
emaj-255	48	67	trading	trading	NOUN
emaj-255	48	68	activities	activity	NOUN
emaj-255	48	69	at	at	ADP
emaj-255	48	70	the	the	DET
emaj-255	48	71	exchange	exchange	NOUN
emaj-255	48	72	.	.	PUNCT
emaj-255	49	1	indeed	indeed	ADV
emaj-255	49	2	,	,	PUNCT
emaj-255	49	3	frictions	friction	NOUN
emaj-255	49	4	caused	cause	VERB
emaj-255	49	5	distortions	distortion	NOUN
emaj-255	49	6	in	in	ADP
emaj-255	49	7	buying	buy	VERB
emaj-255	49	8	and	and	CCONJ
emaj-255	49	9	selling	selling	NOUN
emaj-255	49	10	procedures	procedure	NOUN
emaj-255	49	11	(	(	PUNCT
emaj-255	49	12	olbrys	olbrys	X
emaj-255	49	13	&	&	CCONJ
emaj-255	49	14	majewska	majewska	PROPN
emaj-255	49	15	,	,	PUNCT
emaj-255	49	16	2014	2014	NUM
emaj-255	49	17	)	)	PUNCT
emaj-255	49	18	.	.	PUNCT
emaj-255	50	1	financial	financial	ADJ
emaj-255	50	2	market	market	NOUN
emaj-255	50	3	frictions	friction	NOUN
emaj-255	50	4	include	include	VERB
emaj-255	50	5	regulations	regulation	NOUN
emaj-255	50	6	and	and	CCONJ
emaj-255	50	7	restrictions	restriction	NOUN
emaj-255	50	8	on	on	ADP
emaj-255	50	9	private	private	ADJ
emaj-255	50	10	enterprises	enterprise	NOUN
emaj-255	50	11	(	(	PUNCT
emaj-255	50	12	degennaro	degennaro	NOUN
emaj-255	50	13	&	&	CCONJ
emaj-255	50	14	robotti	robotti	PROPN
emaj-255	50	15	,	,	PUNCT
emaj-255	50	16	2007	2007	NUM
emaj-255	50	17	)	)	PUNCT
emaj-255	50	18	,	,	PUNCT
emaj-255	50	19	and	and	CCONJ
emaj-255	50	20	this	this	PRON
emaj-255	50	21	is	be	AUX
emaj-255	50	22	capable	capable	ADJ
emaj-255	50	23	of	of	ADP
emaj-255	50	24	limiting	limit	VERB
emaj-255	50	25	investors	investor	NOUN
emaj-255	50	26	from	from	ADP
emaj-255	50	27	incorporating	incorporate	VERB
emaj-255	50	28	some	some	DET
emaj-255	50	29	financial	financial	ADJ
emaj-255	50	30	assets	asset	NOUN
emaj-255	50	31	in	in	ADP
emaj-255	50	32	their	their	PRON
emaj-255	50	33	portfolios	portfolio	NOUN
emaj-255	50	34	.	.	PUNCT
emaj-255	51	1	for	for	ADP
emaj-255	51	2	instance	instance	NOUN
emaj-255	51	3	,	,	PUNCT
emaj-255	51	4	restraints	restraint	NOUN
emaj-255	51	5	on	on	ADP
emaj-255	51	6	access	access	NOUN
emaj-255	51	7	to	to	ADP
emaj-255	51	8	funds	fund	NOUN
emaj-255	51	9	through	through	ADP
emaj-255	51	10	an	an	DET
emaj-255	51	11	increase	increase	NOUN
emaj-255	51	12	in	in	ADP
emaj-255	51	13	liquidity	liquidity	NOUN
emaj-255	51	14	ratio	ratio	NOUN
emaj-255	51	15	or	or	CCONJ
emaj-255	51	16	cash	cash	NOUN
emaj-255	51	17	reserve	reserve	NOUN
emaj-255	51	18	ratio	ratio	NOUN
emaj-255	51	19	may	may	AUX
emaj-255	51	20	prevent	prevent	VERB
emaj-255	51	21	investors	investor	NOUN
emaj-255	51	22	from	from	ADP
emaj-255	51	23	including	include	VERB
emaj-255	51	24	some	some	DET
emaj-255	51	25	financial	financial	ADJ
emaj-255	51	26	assets	asset	NOUN
emaj-255	51	27	in	in	ADP
emaj-255	51	28	their	their	PRON
emaj-255	51	29	portfolio	portfolio	NOUN
emaj-255	51	30	,	,	PUNCT
emaj-255	51	31	and	and	CCONJ
emaj-255	51	32	this	this	PRON
emaj-255	51	33	may	may	AUX
emaj-255	51	34	affect	affect	VERB
emaj-255	51	35	the	the	DET
emaj-255	51	36	level	level	NOUN
emaj-255	51	37	of	of	ADP
emaj-255	51	38	activities	activity	NOUN
emaj-255	51	39	at	at	ADP
emaj-255	51	40	the	the	DET
emaj-255	51	41	exchange	exchange	NOUN
emaj-255	51	42	,	,	PUNCT
emaj-255	51	43	hence	hence	ADV
emaj-255	51	44	the	the	DET
emaj-255	51	45	need	need	NOUN
emaj-255	51	46	to	to	PART
emaj-255	51	47	examine	examine	VERB
emaj-255	51	48	in	in	ADP
emaj-255	51	49	this	this	DET
emaj-255	51	50	study	study	NOUN
emaj-255	51	51	their	their	PRON
emaj-255	51	52	impact	impact	NOUN
emaj-255	51	53	on	on	ADP
emaj-255	51	54	financial	financial	ADJ
emaj-255	51	55	market	market	NOUN
emaj-255	51	56	risk	risk	NOUN
emaj-255	51	57	.	.	PUNCT
emaj-255	52	1	theoretical	theoretical	ADJ
emaj-255	52	2	foundation	foundation	NOUN
emaj-255	52	3	for	for	ADP
emaj-255	52	4	the	the	DET
emaj-255	52	5	study	study	NOUN
emaj-255	52	6	this	this	DET
emaj-255	52	7	study	study	NOUN
emaj-255	52	8	is	be	AUX
emaj-255	52	9	predicated	predicate	VERB
emaj-255	52	10	on	on	ADP
emaj-255	52	11	the	the	DET
emaj-255	52	12	agency	agency	NOUN
emaj-255	52	13	theory	theory	NOUN
emaj-255	52	14	enunciated	enunciate	VERB
emaj-255	52	15	by	by	ADP
emaj-255	52	16	jensen	jensen	PROPN
emaj-255	52	17	(	(	PUNCT
emaj-255	52	18	1986	1986	NUM
emaj-255	52	19	)	)	PUNCT
emaj-255	52	20	.	.	PUNCT
emaj-255	53	1	an	an	DET
emaj-255	53	2	agency	agency	NOUN
emaj-255	53	3	conflicts	conflict	NOUN
emaj-255	53	4	arise	arise	VERB
emaj-255	53	5	in	in	ADP
emaj-255	53	6	an	an	DET
emaj-255	53	7	organization	organization	NOUN
emaj-255	53	8	where	where	SCONJ
emaj-255	53	9	the	the	DET
emaj-255	53	10	principal	principal	NOUN
emaj-255	53	11	is	be	AUX
emaj-255	53	12	separated	separate	VERB
emaj-255	53	13	from	from	ADP
emaj-255	53	14	management	management	NOUN
emaj-255	53	15	because	because	SCONJ
emaj-255	53	16	the	the	DET
emaj-255	53	17	managers	manager	NOUN
emaj-255	53	18	have	have	VERB
emaj-255	53	19	the	the	DET
emaj-255	53	20	motivation	motivation	NOUN
emaj-255	53	21	to	to	PART
emaj-255	53	22	embark	embark	VERB
emaj-255	53	23	on	on	ADP
emaj-255	53	24	risky	risky	ADJ
emaj-255	53	25	activities	activity	NOUN
emaj-255	53	26	which	which	PRON
emaj-255	53	27	may	may	AUX
emaj-255	53	28	not	not	PART
emaj-255	53	29	be	be	AUX
emaj-255	53	30	in	in	ADP
emaj-255	53	31	the	the	DET
emaj-255	53	32	interest	interest	NOUN
emaj-255	53	33	of	of	ADP
emaj-255	53	34	the	the	DET
emaj-255	53	35	principal	principal	NOUN
emaj-255	53	36	and	and	CCONJ
emaj-255	53	37	other	other	ADJ
emaj-255	53	38	stakeholders	stakeholder	NOUN
emaj-255	53	39	.	.	PUNCT
emaj-255	54	1	it	it	PRON
emaj-255	54	2	can	can	AUX
emaj-255	54	3	be	be	AUX
emaj-255	54	4	argued	argue	VERB
emaj-255	54	5	that	that	SCONJ
emaj-255	54	6	inadequate	inadequate	ADJ
emaj-255	54	7	regulation	regulation	NOUN
emaj-255	54	8	of	of	ADP
emaj-255	54	9	financial	financial	ADJ
emaj-255	54	10	institutions	institution	NOUN
emaj-255	54	11	,	,	PUNCT
emaj-255	54	12	particularly	particularly	ADV
emaj-255	54	13	banks	bank	NOUN
emaj-255	54	14	is	be	AUX
emaj-255	54	15	an	an	DET
emaj-255	54	16	impetus	impetus	NOUN
emaj-255	54	17	for	for	SCONJ
emaj-255	54	18	them	they	PRON
emaj-255	54	19	to	to	PART
emaj-255	54	20	engage	engage	VERB
emaj-255	54	21	in	in	ADP
emaj-255	54	22	risky	risky	ADJ
emaj-255	54	23	behavior	behavior	NOUN
emaj-255	54	24	.	.	PUNCT
emaj-255	55	1	therefore	therefore	ADV
emaj-255	55	2	,	,	PUNCT
emaj-255	55	3	to	to	PART
emaj-255	55	4	safeguard	safeguard	VERB
emaj-255	55	5	depositors	depositor	NOUN
emaj-255	55	6	’	’	PART
emaj-255	55	7	funds	fund	NOUN
emaj-255	55	8	and	and	CCONJ
emaj-255	55	9	guarantee	guarantee	VERB
emaj-255	55	10	stability	stability	NOUN
emaj-255	55	11	in	in	ADP
emaj-255	55	12	the	the	DET
emaj-255	55	13	financial	financial	ADJ
emaj-255	55	14	system	system	NOUN
emaj-255	55	15	,	,	PUNCT
emaj-255	55	16	government	government	NOUN
emaj-255	55	17	introduces	introduce	VERB
emaj-255	55	18	various	various	ADJ
emaj-255	55	19	regulatory	regulatory	ADJ
emaj-255	55	20	policies	policy	NOUN
emaj-255	55	21	.	.	PUNCT
emaj-255	56	1	indeed	indeed	ADV
emaj-255	56	2	,	,	PUNCT
emaj-255	56	3	banking	banking	NOUN
emaj-255	56	4	institutions	institution	NOUN
emaj-255	56	5	require	require	VERB
emaj-255	56	6	regulatory	regulatory	ADJ
emaj-255	56	7	attention	attention	NOUN
emaj-255	56	8	to	to	PART
emaj-255	56	9	minimize	minimize	VERB
emaj-255	56	10	the	the	DET
emaj-255	56	11	risk	risk	NOUN
emaj-255	56	12	level	level	NOUN
emaj-255	56	13	for	for	ADP
emaj-255	56	14	participants	participant	NOUN
emaj-255	56	15	because	because	SCONJ
emaj-255	56	16	of	of	ADP
emaj-255	56	17	the	the	DET
emaj-255	56	18	volatile	volatile	ADJ
emaj-255	56	19	nature	nature	NOUN
emaj-255	56	20	of	of	ADP
emaj-255	56	21	the	the	DET
emaj-255	56	22	industry	industry	NOUN
emaj-255	56	23	(	(	PUNCT
emaj-255	56	24	currie	currie	PROPN
emaj-255	56	25	,	,	PUNCT
emaj-255	56	26	2003	2003	NUM
emaj-255	56	27	)	)	PUNCT
emaj-255	56	28	.	.	PUNCT
emaj-255	57	1	stieglitz	stieglitz	PROPN
emaj-255	57	2	(	(	PUNCT
emaj-255	57	3	1989	1989	NUM
emaj-255	57	4	)	)	PUNCT
emaj-255	57	5	opined	opine	VERB
emaj-255	57	6	that	that	SCONJ
emaj-255	57	7	government	government	NOUN
emaj-255	57	8	should	should	AUX
emaj-255	57	9	intervene	intervene	VERB
emaj-255	57	10	(	(	PUNCT
emaj-255	57	11	through	through	ADP
emaj-255	57	12	regulation	regulation	NOUN
emaj-255	57	13	)	)	PUNCT
emaj-255	57	14	when	when	SCONJ
emaj-255	57	15	the	the	DET
emaj-255	57	16	investments	investment	NOUN
emaj-255	57	17	of	of	ADP
emaj-255	57	18	the	the	DET
emaj-255	57	19	public	public	NOUN
emaj-255	57	20	are	be	AUX
emaj-255	57	21	at	at	ADP
emaj-255	57	22	risk	risk	NOUN
emaj-255	57	23	due	due	ADP
emaj-255	57	24	to	to	ADP
emaj-255	57	25	the	the	DET
emaj-255	57	26	activities	activity	NOUN
emaj-255	57	27	of	of	ADP
emaj-255	57	28	institutions	institution	NOUN
emaj-255	57	29	’	'	PUNCT
emaj-255	57	30	managers	manager	NOUN
emaj-255	57	31	.	.	PUNCT
emaj-255	58	1	empirical	empirical	ADJ
emaj-255	58	2	literature	literature	PROPN
emaj-255	58	3	elkelish	elkelish	PROPN
emaj-255	58	4	and	and	CCONJ
emaj-255	58	5	tucker	tucker	PROPN
emaj-255	58	6	(	(	PUNCT
emaj-255	58	7	2016	2016	NUM
emaj-255	58	8	)	)	PUNCT
emaj-255	58	9	inspected	inspect	VERB
emaj-255	58	10	the	the	DET
emaj-255	58	11	effect	effect	NOUN
emaj-255	58	12	of	of	ADP
emaj-255	58	13	mandatory	mandatory	ADJ
emaj-255	58	14	capital	capital	NOUN
emaj-255	58	15	on	on	ADP
emaj-255	58	16	stock	stock	NOUN
emaj-255	58	17	market	market	NOUN
emaj-255	58	18	stability	stability	NOUN
emaj-255	58	19	in	in	ADP
emaj-255	58	20	the	the	DET
emaj-255	58	21	crisis	crisis	NOUN
emaj-255	58	22	period	period	NOUN
emaj-255	58	23	of	of	ADP
emaj-255	58	24	2007	2007	NUM
emaj-255	58	25	to	to	ADP
emaj-255	58	26	2008	2008	NUM
emaj-255	58	27	,	,	PUNCT
emaj-255	58	28	using	use	VERB
emaj-255	58	29	the	the	DET
emaj-255	58	30	generalized	generalized	ADJ
emaj-255	58	31	least	least	ADJ
emaj-255	58	32	squares	square	NOUN
emaj-255	58	33	technique	technique	NOUN
emaj-255	58	34	.	.	PUNCT
emaj-255	59	1	it	it	PRON
emaj-255	59	2	was	be	AUX
emaj-255	59	3	discovered	discover	VERB
emaj-255	59	4	that	that	SCONJ
emaj-255	59	5	regulatory	regulatory	ADJ
emaj-255	59	6	capital	capital	NOUN
emaj-255	59	7	boost	boost	VERB
emaj-255	59	8	stock	stock	NOUN
emaj-255	59	9	market	market	NOUN
emaj-255	59	10	stability	stability	NOUN
emaj-255	59	11	.	.	PUNCT
emaj-255	60	1	brumm	brumm	PROPN
emaj-255	60	2	,	,	PUNCT
emaj-255	60	3	kubler	kubler	NOUN
emaj-255	60	4	,	,	PUNCT
emaj-255	60	5	grill	grill	NOUN
emaj-255	60	6	and	and	CCONJ
emaj-255	60	7	schmedders	schmedder	NOUN
emaj-255	60	8	(	(	PUNCT
emaj-255	60	9	2014	2014	NUM
emaj-255	60	10	)	)	PUNCT
emaj-255	60	11	showed	show	VERB
emaj-255	60	12	that	that	SCONJ
emaj-255	60	13	margin	margin	NOUN
emaj-255	60	14	regulation	regulation	NOUN
emaj-255	60	15	in	in	ADP
emaj-255	60	16	the	the	DET
emaj-255	60	17	aggregate	aggregate	ADJ
emaj-255	60	18	economy	economy	NOUN
emaj-255	60	19	has	have	VERB
emaj-255	60	20	a	a	DET
emaj-255	60	21	depressing	depressing	ADJ
emaj-255	60	22	effect	effect	NOUN
emaj-255	60	23	on	on	ADP
emaj-255	60	24	the	the	DET
emaj-255	60	25	volatility	volatility	NOUN
emaj-255	60	26	of	of	ADP
emaj-255	60	27	asset	asset	NOUN
emaj-255	60	28	returns	return	NOUN
emaj-255	60	29	.	.	PUNCT
emaj-255	61	1	tennant	tennant	PROPN
emaj-255	61	2	and	and	CCONJ
emaj-255	61	3	tracey	tracey	PROPN
emaj-255	61	4	(	(	PUNCT
emaj-255	61	5	2014	2014	NUM
emaj-255	61	6	)	)	PUNCT
emaj-255	61	7	investigated	investigate	VERB
emaj-255	61	8	the	the	DET
emaj-255	61	9	link	link	NOUN
emaj-255	61	10	between	between	ADP
emaj-255	61	11	bank	bank	PROPN
emaj-255	61	12	and	and	CCONJ
emaj-255	61	13	stock	stock	NOUN
emaj-255	61	14	market	market	NOUN
emaj-255	61	15	volatility	volatility	NOUN
emaj-255	61	16	in	in	ADP
emaj-255	61	17	small	small	ADJ
emaj-255	61	18	but	but	CCONJ
emaj-255	61	19	bank	bank	NOUN
emaj-255	61	20	overshadowed	overshadowed	ADJ
emaj-255	61	21	country	country	NOUN
emaj-255	61	22	,	,	PUNCT
emaj-255	61	23	using	use	VERB
emaj-255	61	24	generalized	generalized	ADJ
emaj-255	61	25	autoregressive	autoregressive	ADJ
emaj-255	61	26	model	model	NOUN
emaj-255	61	27	,	,	PUNCT
emaj-255	61	28	and	and	CCONJ
emaj-255	61	29	found	find	VERB
emaj-255	61	30	that	that	SCONJ
emaj-255	61	31	strict	strict	ADJ
emaj-255	61	32	regulations	regulation	NOUN
emaj-255	61	33	determine	determine	VERB
emaj-255	61	34	market	market	NOUN
emaj-255	61	35	volatility	volatility	NOUN
emaj-255	61	36	.	.	PUNCT
emaj-255	62	1	bleich	bleich	NOUN
emaj-255	62	2	,	,	PUNCT
emaj-255	62	3	fendel	fendel	NOUN
emaj-255	62	4	and	and	CCONJ
emaj-255	62	5	bulke	bulke	ADJ
emaj-255	62	6	(	(	PUNCT
emaj-255	62	7	2013	2013	NUM
emaj-255	62	8	)	)	PUNCT
emaj-255	62	9	studied	study	VERB
emaj-255	62	10	the	the	DET
emaj-255	62	11	effect	effect	NOUN
emaj-255	62	12	of	of	ADP
emaj-255	62	13	interest	interest	NOUN
emaj-255	62	14	rate	rate	NOUN
emaj-255	62	15	on	on	ADP
emaj-255	62	16	financial	financial	ADJ
emaj-255	62	17	market	market	NOUN
emaj-255	62	18	stress	stress	NOUN
emaj-255	62	19	proxy	proxy	NOUN
emaj-255	62	20	by	by	ADP
emaj-255	62	21	market	market	NOUN
emaj-255	62	22	volatility	volatility	NOUN
emaj-255	62	23	.	.	PUNCT
emaj-255	63	1	they	they	PRON
emaj-255	63	2	revealed	reveal	VERB
emaj-255	63	3	that	that	SCONJ
emaj-255	63	4	prominent	prominent	ADJ
emaj-255	63	5	financial	financial	ADJ
emaj-255	63	6	regulatory	regulatory	ADJ
emaj-255	63	7	authorities	authority	NOUN
emaj-255	63	8	like	like	ADP
emaj-255	63	9	the	the	DET
emaj-255	63	10	bank	bank	PROPN
emaj-255	63	11	of	of	ADP
emaj-255	63	12	england	england	PROPN
emaj-255	63	13	,	,	PUNCT
emaj-255	63	14	and	and	CCONJ
emaj-255	63	15	federal	federal	PROPN
emaj-255	63	16	reserve	reserve	PROPN
emaj-255	63	17	bank	bank	PROPN
emaj-255	63	18	tackle	tackle	NOUN
emaj-255	63	19	market	market	NOUN
emaj-255	63	20	volatility	volatility	NOUN
emaj-255	63	21	through	through	ADP
emaj-255	63	22	interest	interest	NOUN
emaj-255	63	23	rate	rate	NOUN
emaj-255	63	24	reduction	reduction	NOUN
emaj-255	63	25	.	.	PUNCT
emaj-255	64	1	zare	zare	PROPN
emaj-255	64	2	,	,	PUNCT
emaj-255	64	3	azahi	azahi	ADV
emaj-255	64	4	and	and	CCONJ
emaj-255	64	5	habitullah	habitullah	PROPN
emaj-255	64	6	(	(	PUNCT
emaj-255	64	7	2013	2013	NUM
emaj-255	64	8	)	)	PUNCT
emaj-255	64	9	examined	examine	VERB
emaj-255	64	10	the	the	DET
emaj-255	64	11	effect	effect	NOUN
emaj-255	64	12	of	of	ADP
emaj-255	64	13	monetary	monetary	ADJ
emaj-255	64	14	policy	policy	NOUN
emaj-255	64	15	surrogate	surrogate	NOUN
emaj-255	64	16	by	by	ADP
emaj-255	64	17	the	the	DET
emaj-255	64	18	interest	interest	NOUN
emaj-255	64	19	rate	rate	NOUN
emaj-255	64	20	on	on	ADP
emaj-255	64	21	stock	stock	NOUN
emaj-255	64	22	market	market	NOUN
emaj-255	64	23	volatility	volatility	NOUN
emaj-255	64	24	in	in	ADP
emaj-255	64	25	developing	develop	VERB
emaj-255	64	26	countries	country	NOUN
emaj-255	64	27	,	,	PUNCT
emaj-255	64	28	using	use	VERB
emaj-255	64	29	pool	pool	NOUN
emaj-255	64	30	mean	mean	NOUN
emaj-255	64	31	regression	regression	NOUN
emaj-255	64	32	covering	cover	VERB
emaj-255	64	33	1991m1	1991m1	PRON
emaj-255	64	34	to	to	ADP
emaj-255	64	35	2011m12	2011m12	NOUN
emaj-255	64	36	.	.	PUNCT
emaj-255	65	1	the	the	DET
emaj-255	65	2	outcome	outcome	NOUN
emaj-255	65	3	of	of	ADP
emaj-255	65	4	the	the	DET
emaj-255	65	5	investigation	investigation	NOUN
emaj-255	65	6	shows	show	VERB
emaj-255	65	7	that	that	SCONJ
emaj-255	65	8	a	a	DET
emaj-255	65	9	rise	rise	NOUN
emaj-255	65	10	in	in	ADP
emaj-255	65	11	interest	interest	NOUN
emaj-255	65	12	rates	rate	NOUN
emaj-255	65	13	influences	influence	VERB
emaj-255	65	14	stock	stock	NOUN
emaj-255	65	15	market	market	NOUN
emaj-255	65	16	volatility	volatility	NOUN
emaj-255	65	17	.	.	PUNCT
emaj-255	66	1	mertzanis	mertzanis	PROPN
emaj-255	66	2	and	and	CCONJ
emaj-255	66	3	siriopoulos	siriopoulos	ADV
emaj-255	66	4	(	(	PUNCT
emaj-255	66	5	1999	1999	NUM
emaj-255	66	6	)	)	PUNCT
emaj-255	66	7	considered	consider	VERB
emaj-255	66	8	whether	whether	SCONJ
emaj-255	66	9	regulation	regulation	NOUN
emaj-255	66	10	of	of	ADP
emaj-255	66	11	price	price	NOUN
emaj-255	66	12	limits	limit	NOUN
emaj-255	66	13	influence	influence	NOUN
emaj-255	66	14	stock	stock	NOUN
emaj-255	66	15	market	market	NOUN
emaj-255	66	16	volatility	volatility	NOUN
emaj-255	66	17	in	in	ADP
emaj-255	66	18	athens	athens	PROPN
emaj-255	66	19	for	for	ADP
emaj-255	66	20	the	the	DET
emaj-255	66	21	period	period	NOUN
emaj-255	66	22	1991	1991	NUM
emaj-255	66	23	to	to	ADP
emaj-255	66	24	1998	1998	NUM
emaj-255	66	25	,	,	PUNCT
emaj-255	66	26	using	use	VERB
emaj-255	66	27	anova	anova	PROPN
emaj-255	66	28	technique	technique	NOUN
emaj-255	66	29	.	.	PUNCT
emaj-255	67	1	it	it	PRON
emaj-255	67	2	was	be	AUX
emaj-255	67	3	reported	report	VERB
emaj-255	67	4	that	that	SCONJ
emaj-255	67	5	price	price	NOUN
emaj-255	67	6	limits	limit	NOUN
emaj-255	67	7	regulation	regulation	NOUN
emaj-255	67	8	does	do	AUX
emaj-255	67	9	not	not	PART
emaj-255	67	10	mitigate	mitigate	VERB
emaj-255	67	11	stock	stock	NOUN
emaj-255	67	12	return	return	NOUN
emaj-255	67	13	volatility	volatility	NOUN
emaj-255	67	14	except	except	SCONJ
emaj-255	67	15	for	for	ADP
emaj-255	67	16	large	large	ADJ
emaj-255	67	17	capitalized	capitalize	VERB
emaj-255	67	18	shares	share	NOUN
emaj-255	67	19	.	.	PUNCT
emaj-255	68	1	wang	wang	PROPN
emaj-255	68	2	,	,	PUNCT
emaj-255	68	3	tsai	tsai	PROPN
emaj-255	68	4	and	and	CCONJ
emaj-255	68	5	li	li	PROPN
emaj-255	68	6	(	(	PUNCT
emaj-255	68	7	2017	2017	NUM
emaj-255	68	8	)	)	PUNCT
emaj-255	68	9	considered	consider	VERB
emaj-255	68	10	policies	policy	NOUN
emaj-255	68	11	'	'	PART
emaj-255	68	12	impact	impact	NOUN
emaj-255	68	13	on	on	ADP
emaj-255	68	14	the	the	DET
emaj-255	68	15	stock	stock	NOUN
emaj-255	68	16	market	market	NOUN
emaj-255	68	17	in	in	ADP
emaj-255	68	18	china	china	PROPN
emaj-255	68	19	with	with	ADP
emaj-255	68	20	the	the	DET
emaj-255	68	21	aid	aid	NOUN
emaj-255	68	22	of	of	ADP
emaj-255	68	23	garch	garch	NOUN
emaj-255	68	24	methodology	methodology	NOUN
emaj-255	68	25	and	and	CCONJ
emaj-255	68	26	daily	daily	ADJ
emaj-255	68	27	data	datum	NOUN
emaj-255	68	28	from	from	ADP
emaj-255	68	29	19th	19th	ADJ
emaj-255	68	30	december	december	PROPN
emaj-255	68	31	1990	1990	NUM
emaj-255	68	32	to	to	ADP
emaj-255	68	33	29th	29th	NOUN
emaj-255	68	34	may	may	PROPN
emaj-255	68	35	2015	2015	NUM
emaj-255	68	36	.	.	PUNCT
emaj-255	69	1	the	the	DET
emaj-255	69	2	result	result	NOUN
emaj-255	69	3	revealed	reveal	VERB
emaj-255	69	4	that	that	SCONJ
emaj-255	69	5	policy	policy	NOUN
emaj-255	69	6	on	on	ADP
emaj-255	69	7	deposit	deposit	NOUN
emaj-255	69	8	reserve	reserve	PROPN
emaj-255	69	9	ratio	ratio	NOUN
emaj-255	69	10	influences	influence	VERB
emaj-255	69	11	stock	stock	NOUN
emaj-255	69	12	market	market	NOUN
emaj-255	69	13	volatility	volatility	NOUN
emaj-255	69	14	.	.	PUNCT
emaj-255	70	1	tchereni	tchereni	NOUN
emaj-255	70	2	and	and	CCONJ
emaj-255	70	3	mpini	mpini	ADJ
emaj-255	70	4	(	(	PUNCT
emaj-255	70	5	2020	2020	NUM
emaj-255	70	6	)	)	PUNCT
emaj-255	70	7	considered	consider	VERB
emaj-255	70	8	the	the	DET
emaj-255	70	9	impact	impact	NOUN
emaj-255	70	10	of	of	ADP
emaj-255	70	11	monetary	monetary	ADJ
emaj-255	70	12	policy	policy	NOUN
emaj-255	70	13	on	on	ADP
emaj-255	70	14	stock	stock	NOUN
emaj-255	70	15	market	market	NOUN
emaj-255	70	16	volatility	volatility	NOUN
emaj-255	70	17	in	in	ADP
emaj-255	70	18	south	south	PROPN
emaj-255	70	19	africa	africa	PROPN
emaj-255	70	20	for	for	ADP
emaj-255	70	21	the	the	DET
emaj-255	70	22	period	period	NOUN
emaj-255	70	23	spanning	span	VERB
emaj-255	70	24	the	the	DET
emaj-255	70	25	first	first	ADJ
emaj-255	70	26	quarter	quarter	NOUN
emaj-255	70	27	of	of	ADP
emaj-255	70	28	2000	2000	NUM
emaj-255	70	29	to	to	ADP
emaj-255	70	30	the	the	DET
emaj-255	70	31	fourth	fourth	ADJ
emaj-255	70	32	quarter	quarter	NOUN
emaj-255	70	33	of	of	ADP
emaj-255	70	34	2016	2016	NUM
emaj-255	70	35	,	,	PUNCT
emaj-255	70	36	applying	apply	VERB
emaj-255	70	37	an	an	DET
emaj-255	70	38	error	error	NOUN
emaj-255	70	39	correction	correction	NOUN
emaj-255	70	40	model	model	NOUN
emaj-255	70	41	.	.	PUNCT
emaj-255	71	1	results	result	NOUN
emaj-255	71	2	revealed	reveal	VERB
emaj-255	71	3	that	that	SCONJ
emaj-255	71	4	the	the	DET
emaj-255	71	5	money	money	NOUN
emaj-255	71	6	supply	supply	NOUN
emaj-255	71	7	negatively	negatively	ADV
emaj-255	71	8	influences	influence	VERB
emaj-255	71	9	volatility	volatility	NOUN
emaj-255	71	10	,	,	PUNCT
emaj-255	71	11	while	while	SCONJ
emaj-255	71	12	the	the	DET
emaj-255	71	13	repo	repo	NOUN
emaj-255	71	14	rate	rate	NOUN
emaj-255	71	15	has	have	VERB
emaj-255	71	16	a	a	DET
emaj-255	71	17	positive	positive	ADJ
emaj-255	71	18	effect	effect	NOUN
emaj-255	71	19	on	on	ADP
emaj-255	71	20	volatility	volatility	NOUN
emaj-255	71	21	.	.	PUNCT
emaj-255	72	1	iii	iii	X
emaj-255	72	2	.	.	PROPN
emaj-255	72	3	methodology	methodology	NOUN
emaj-255	72	4	this	this	DET
emaj-255	72	5	study	study	NOUN
emaj-255	72	6	aims	aim	VERB
emaj-255	72	7	to	to	PART
emaj-255	72	8	investigate	investigate	VERB
emaj-255	72	9	the	the	DET
emaj-255	72	10	impact	impact	NOUN
emaj-255	72	11	of	of	ADP
emaj-255	72	12	regulations	regulation	NOUN
emaj-255	72	13	on	on	ADP
emaj-255	72	14	financial	financial	ADJ
emaj-255	72	15	market	market	NOUN
emaj-255	72	16	risk	risk	NOUN
emaj-255	72	17	in	in	ADP
emaj-255	72	18	nigeria	nigeria	PROPN
emaj-255	72	19	,	,	PUNCT
emaj-255	72	20	focusing	focus	VERB
emaj-255	72	21	on	on	ADP
emaj-255	72	22	banks	bank	NOUN
emaj-255	72	23	.	.	PUNCT
emaj-255	73	1	this	this	PRON
emaj-255	73	2	is	be	AUX
emaj-255	73	3	necessary	necessary	ADJ
emaj-255	73	4	,	,	PUNCT
emaj-255	73	5	because	because	SCONJ
emaj-255	73	6	bank	bank	NOUN
emaj-255	73	7	stocks	stock	NOUN
emaj-255	73	8	are	be	AUX
emaj-255	73	9	the	the	DET
emaj-255	73	10	most	most	ADV
emaj-255	73	11	highly	highly	ADV
emaj-255	73	12	traded	trade	VERB
emaj-255	73	13	securities	security	NOUN
emaj-255	73	14	on	on	ADP
emaj-255	73	15	nigerian	nigerian	ADJ
emaj-255	73	16	exchange	exchange	NOUN
emaj-255	73	17	,	,	PUNCT
emaj-255	73	18	and	and	CCONJ
emaj-255	73	19	instability	instability	NOUN
emaj-255	73	20	associated	associate	VERB
emaj-255	73	21	with	with	ADP
emaj-255	73	22	the	the	DET
emaj-255	73	23	stocks	stock	NOUN
emaj-255	73	24	may	may	AUX
emaj-255	73	25	affect	affect	VERB
emaj-255	73	26	investors	investor	NOUN
emaj-255	73	27	’	'	PUNCT
emaj-255	73	28	confidence	confidence	NOUN
emaj-255	73	29	,	,	PUNCT
emaj-255	73	30	thus	thus	ADV
emaj-255	73	31	constituting	constitute	VERB
emaj-255	73	32	a	a	DET
emaj-255	73	33	risk	risk	NOUN
emaj-255	73	34	to	to	ADP
emaj-255	73	35	the	the	DET
emaj-255	73	36	entire	entire	ADJ
emaj-255	73	37	economy	economy	NOUN
emaj-255	73	38	.	.	PUNCT
emaj-255	74	1	thirteen	thirteen	NUM
emaj-255	74	2	interest	interest	NOUN
emaj-255	74	3	-	-	PUNCT
emaj-255	74	4	charging	charge	VERB
emaj-255	74	5	banks	bank	NOUN
emaj-255	74	6	quoted	quote	VERB
emaj-255	74	7	in	in	ADP
emaj-255	74	8	the	the	DET
emaj-255	74	9	nigerian	nigerian	ADJ
emaj-255	74	10	stock	stock	NOUN
emaj-255	74	11	exchange	exchange	NOUN
emaj-255	74	12	form	form	VERB
emaj-255	74	13	the	the	DET
emaj-255	74	14	sample	sample	NOUN
emaj-255	74	15	for	for	ADP
emaj-255	74	16	the	the	DET
emaj-255	74	17	study	study	NOUN
emaj-255	74	18	because	because	SCONJ
emaj-255	74	19	of	of	ADP
emaj-255	74	20	their	their	PRON
emaj-255	74	21	trading	trading	NOUN
emaj-255	74	22	frequency	frequency	NOUN
emaj-255	74	23	,	,	PUNCT
emaj-255	74	24	and	and	CCONJ
emaj-255	74	25	regulations	regulation	NOUN
emaj-255	74	26	are	be	AUX
emaj-255	74	27	directed	direct	VERB
emaj-255	74	28	at	at	ADP
emaj-255	74	29	them	they	PRON
emaj-255	74	30	most	most	ADJ
emaj-255	74	31	of	of	ADP
emaj-255	74	32	the	the	DET
emaj-255	74	33	time	time	NOUN
emaj-255	74	34	.	.	PUNCT
emaj-255	75	1	data	datum	NOUN
emaj-255	75	2	for	for	ADP
emaj-255	75	3	the	the	DET
emaj-255	75	4	study	study	NOUN
emaj-255	75	5	were	be	AUX
emaj-255	75	6	collected	collect	VERB
emaj-255	75	7	from	from	ADP
emaj-255	75	8	banks	bank	NOUN
emaj-255	75	9	’	'	PUNCT
emaj-255	75	10	audited	audit	VERB
emaj-255	75	11	annual	annual	ADJ
emaj-255	75	12	reports	report	NOUN
emaj-255	75	13	,	,	PUNCT
emaj-255	75	14	the	the	DET
emaj-255	75	15	nigerian	nigerian	ADJ
emaj-255	75	16	stock	stock	NOUN
emaj-255	75	17	exchange	exchange	PROPN
emaj-255	75	18	's	's	PART
emaj-255	75	19	official	official	ADJ
emaj-255	75	20	daily	daily	ADJ
emaj-255	75	21	price	price	NOUN
emaj-255	75	22	list	list	NOUN
emaj-255	75	23	,	,	PUNCT
emaj-255	75	24	s	s	PART
emaj-255	75	25	and	and	CCONJ
emaj-255	75	26	the	the	DET
emaj-255	75	27	central	central	ADJ
emaj-255	75	28	bank	bank	PROPN
emaj-255	75	29	of	of	ADP
emaj-255	75	30	nigeria	nigeria	PROPN
emaj-255	75	31	statistical	statistical	ADJ
emaj-255	75	32	bulletin	bulletin	NOUN
emaj-255	75	33	,	,	PUNCT
emaj-255	75	34	covering	cover	VERB
emaj-255	75	35	the	the	DET
emaj-255	75	36	period	period	NOUN
emaj-255	75	37	of	of	ADP
emaj-255	75	38	2010	2010	NUM
emaj-255	75	39	-	-	SYM
emaj-255	75	40	2020	2020	NUM
emaj-255	75	41	.	.	PUNCT
emaj-255	76	1	stock	stock	NOUN
emaj-255	76	2	prices	price	NOUN
emaj-255	76	3	were	be	AUX
emaj-255	76	4	subjected	subject	VERB
emaj-255	76	5	to	to	ADP
emaj-255	76	6	the	the	DET
emaj-255	76	7	generalized	generalized	ADJ
emaj-255	76	8	autoregressive	autoregressive	ADJ
emaj-255	76	9	conditional	conditional	ADJ
emaj-255	76	10	heteroscedasticity	heteroscedasticity	NOUN
emaj-255	76	11	(	(	PUNCT
emaj-255	76	12	garch	garch	NOUN
emaj-255	76	13	)	)	PUNCT
emaj-255	76	14	to	to	PART
emaj-255	76	15	ascertain	ascertain	VERB
emaj-255	76	16	stock	stock	NOUN
emaj-255	76	17	volatility	volatility	NOUN
emaj-255	76	18	and	and	CCONJ
emaj-255	76	19	the	the	DET
emaj-255	76	20	residual	residual	ADJ
emaj-255	76	21	which	which	PRON
emaj-255	76	22	is	be	AUX
emaj-255	76	23	called	call	VERB
emaj-255	76	24	volatility	volatility	NOUN
emaj-255	76	25	in	in	ADP
emaj-255	76	26	this	this	DET
emaj-255	76	27	study	study	NOUN
emaj-255	76	28	was	be	AUX
emaj-255	76	29	extracted	extract	VERB
emaj-255	76	30	and	and	CCONJ
emaj-255	76	31	incorporated	incorporate	VERB
emaj-255	76	32	among	among	ADP
emaj-255	76	33	the	the	DET
emaj-255	76	34	investigated	investigate	VERB
emaj-255	76	35	variables	variable	NOUN
emaj-255	76	36	in	in	ADP
emaj-255	76	37	the	the	DET
emaj-255	76	38	excel	excel	NOUN
emaj-255	76	39	work	work	NOUN
emaj-255	76	40	file	file	NOUN
emaj-255	76	41	.	.	PUNCT
emaj-255	77	1	the	the	DET
emaj-255	77	2	generalized	generalized	ADJ
emaj-255	77	3	method	method	NOUN
emaj-255	77	4	of	of	ADP
emaj-255	77	5	moments	moment	NOUN
emaj-255	77	6	(	(	PUNCT
emaj-255	77	7	gmm	gmm	NOUN
emaj-255	77	8	)	)	PUNCT
emaj-255	77	9	in	in	ADP
emaj-255	77	10	the	the	DET
emaj-255	77	11	first	first	ADJ
emaj-255	77	12	difference	difference	NOUN
emaj-255	77	13	option	option	NOUN
emaj-255	77	14	and	and	CCONJ
emaj-255	77	15	the	the	DET
emaj-255	77	16	dynamic	dynamic	ADJ
emaj-255	77	17	model	model	NOUN
emaj-255	77	18	were	be	AUX
emaj-255	77	19	used	use	VERB
emaj-255	77	20	for	for	ADP
emaj-255	77	21	the	the	DET
emaj-255	77	22	investigation	investigation	NOUN
emaj-255	77	23	.	.	PUNCT
emaj-255	78	1	to	to	PART
emaj-255	78	2	test	test	VERB
emaj-255	78	3	for	for	ADP
emaj-255	78	4	serial	serial	ADJ
emaj-255	78	5	correlation	correlation	NOUN
emaj-255	78	6	,	,	PUNCT
emaj-255	78	7	the	the	DET
emaj-255	78	8	regression	regression	NOUN
emaj-255	78	9	output	output	NOUN
emaj-255	78	10	was	be	AUX
emaj-255	78	11	subjected	subject	VERB
emaj-255	78	12	to	to	ADP
emaj-255	78	13	the	the	DET
emaj-255	78	14	arrelano	arrelano	NOUN
emaj-255	78	15	and	and	CCONJ
emaj-255	78	16	bond	bond	NOUN
emaj-255	78	17	(	(	PUNCT
emaj-255	78	18	1991	1991	NUM
emaj-255	78	19	)	)	PUNCT
emaj-255	78	20	autocorrelation	autocorrelation	NOUN
emaj-255	78	21	procedures	procedure	NOUN
emaj-255	78	22	.	.	PUNCT
emaj-255	79	1	the	the	DET
emaj-255	79	2	j.statistic	j.statistic	ADJ
emaj-255	79	3	initiated	initiate	VERB
emaj-255	79	4	by	by	ADP
emaj-255	79	5	hansen	hansen	PROPN
emaj-255	79	6	(	(	PUNCT
emaj-255	79	7	1982	1982	NUM
emaj-255	79	8	)	)	PUNCT
emaj-255	79	9	was	be	AUX
emaj-255	79	10	engaged	engage	VERB
emaj-255	79	11	to	to	PART
emaj-255	79	12	test	test	VERB
emaj-255	79	13	for	for	ADP
emaj-255	79	14	the	the	DET
emaj-255	79	15	existence	existence	NOUN
emaj-255	79	16	of	of	ADP
emaj-255	79	17	over	over	ADP
emaj-255	79	18	or	or	CCONJ
emaj-255	79	19	under	under	ADP
emaj-255	79	20	restrictions	restriction	NOUN
emaj-255	79	21	in	in	ADP
emaj-255	79	22	the	the	DET
emaj-255	79	23	instrumental	instrumental	ADJ
emaj-255	79	24	variables	variable	NOUN
emaj-255	79	25	added	add	VERB
emaj-255	79	26	as	as	ADP
emaj-255	79	27	a	a	DET
emaj-255	79	28	requirement	requirement	NOUN
emaj-255	79	29	for	for	ADP
emaj-255	79	30	gmm	gmm	NOUN
emaj-255	79	31	estimation	estimation	NOUN
emaj-255	79	32	.	.	PUNCT
emaj-255	80	1	this	this	DET
emaj-255	80	2	study	study	NOUN
emaj-255	80	3	applied	apply	VERB
emaj-255	80	4	eviews	eviews	PROPN
emaj-255	80	5	9.0	9.0	NUM
emaj-255	80	6	computer	computer	NOUN
emaj-255	80	7	software	software	NOUN
emaj-255	80	8	for	for	ADP
emaj-255	80	9	the	the	DET
emaj-255	80	10	analysis	analysis	NOUN
emaj-255	80	11	.	.	PUNCT
emaj-255	81	1	iv	iv	X
emaj-255	81	2	.	.	PROPN
emaj-255	81	3	model	model	PROPN
emaj-255	81	4	specification	specification	NOUN
emaj-255	81	5	regulations	regulation	NOUN
emaj-255	81	6	are	be	AUX
emaj-255	81	7	directed	direct	VERB
emaj-255	81	8	at	at	ADP
emaj-255	81	9	ensuring	ensure	VERB
emaj-255	81	10	financial	financial	ADJ
emaj-255	81	11	system	system	NOUN
emaj-255	81	12	stability	stability	NOUN
emaj-255	81	13	,	,	PUNCT
emaj-255	81	14	and	and	CCONJ
emaj-255	81	15	volatility	volatility	NOUN
emaj-255	81	16	is	be	AUX
emaj-255	81	17	one	one	NUM
emaj-255	81	18	of	of	ADP
emaj-255	81	19	the	the	DET
emaj-255	81	20	indicators	indicator	NOUN
emaj-255	81	21	of	of	ADP
emaj-255	81	22	stock	stock	NOUN
emaj-255	81	23	market	market	NOUN
emaj-255	81	24	stability	stability	NOUN
emaj-255	81	25	.	.	PUNCT
emaj-255	82	1	therefore	therefore	ADV
emaj-255	82	2	,	,	PUNCT
emaj-255	82	3	to	to	PART
emaj-255	82	4	examine	examine	VERB
emaj-255	82	5	the	the	DET
emaj-255	82	6	nexus	nexus	NOUN
emaj-255	82	7	between	between	ADP
emaj-255	82	8	regulations	regulation	NOUN
emaj-255	82	9	and	and	CCONJ
emaj-255	82	10	stock	stock	NOUN
emaj-255	82	11	market	market	NOUN
emaj-255	82	12	risk	risk	NOUN
emaj-255	82	13	(	(	PUNCT
emaj-255	82	14	volatility	volatility	NOUN
emaj-255	82	15	)	)	PUNCT
emaj-255	82	16	in	in	ADP
emaj-255	82	17	nigeria	nigeria	PROPN
emaj-255	82	18	,	,	PUNCT
emaj-255	82	19	this	this	DET
emaj-255	82	20	study	study	NOUN
emaj-255	82	21	implemented	implement	VERB
emaj-255	82	22	the	the	DET
emaj-255	82	23	dynamic	dynamic	ADJ
emaj-255	82	24	model	model	NOUN
emaj-255	82	25	.	.	PUNCT
emaj-255	83	1	dynamic	dynamic	ADJ
emaj-255	83	2	model	model	NOUN
emaj-255	83	3	is	be	AUX
emaj-255	83	4	invoked	invoke	VERB
emaj-255	83	5	when	when	SCONJ
emaj-255	83	6	the	the	DET
emaj-255	83	7	lagged	lag	VERB
emaj-255	83	8	value	value	NOUN
emaj-255	83	9	(	(	PUNCT
emaj-255	83	10	s	s	NOUN
emaj-255	83	11	)	)	PUNCT
emaj-255	83	12	of	of	ADP
emaj-255	83	13	the	the	DET
emaj-255	83	14	dependent	dependent	ADJ
emaj-255	83	15	variable	variable	NOUN
emaj-255	83	16	is	be	AUX
emaj-255	83	17	added	add	VERB
emaj-255	83	18	as	as	ADP
emaj-255	83	19	regressors	regressor	NOUN
emaj-255	83	20	thus	thus	ADV
emaj-255	83	21	:	:	PUNCT
emaj-255	83	22	𝐾𝑖𝑡	𝐾𝑖𝑡	PROPN
emaj-255	83	23	=	=	PUNCT
emaj-255	83	24	𝐾𝑖𝑡_1	𝐾𝑖𝑡_1	X
emaj-255	83	25	+	+	CCONJ
emaj-255	83	26	b𝑍𝑖𝑡	b𝑍𝑖𝑡	PROPN
emaj-255	83	27	+	+	CCONJ
emaj-255	83	28	a𝑖	a𝑖	PROPN
emaj-255	83	29	+	+	NUM
emaj-255	83	30	μ𝑖𝑡	μ𝑖𝑡	NOUN
emaj-255	83	31	(	(	PUNCT
emaj-255	83	32	1	1	NUM
emaj-255	83	33	)	)	PUNCT
emaj-255	83	34	where	where	SCONJ
emaj-255	83	35	;	;	PUNCT
emaj-255	83	36	𝐾	𝐾	PROPN
emaj-255	83	37	=	=	PROPN
emaj-255	83	38	dependent	dependent	ADJ
emaj-255	83	39	variable	variable	NOUN
emaj-255	83	40	,	,	PUNCT
emaj-255	83	41	𝑍	𝑍	NOUN
emaj-255	83	42	=	=	SYM
emaj-255	83	43	set	set	NOUN
emaj-255	83	44	of	of	ADP
emaj-255	83	45	regressors	regressor	NOUN
emaj-255	83	46	,	,	PUNCT
emaj-255	83	47	𝑖𝑡	𝑖𝑡	NOUN
emaj-255	83	48	=	=	NOUN
emaj-255	83	49	unit	unit	NOUN
emaj-255	83	50	and	and	CCONJ
emaj-255	83	51	time	time	NOUN
emaj-255	83	52	identifiers	identifier	NOUN
emaj-255	83	53	respectively	respectively	ADV
emaj-255	83	54	𝑎	𝑎	NOUN
emaj-255	83	55	=	=	PUNCT
emaj-255	83	56	individual	individual	ADJ
emaj-255	83	57	specific	specific	ADJ
emaj-255	83	58	effects	effect	NOUN
emaj-255	83	59	(	(	PUNCT
emaj-255	83	60	unknown	unknown	ADJ
emaj-255	83	61	effects	effect	NOUN
emaj-255	83	62	)	)	PUNCT
emaj-255	83	63	,	,	PUNCT
emaj-255	83	64	volume	volume	NOUN
emaj-255	83	65	12	12	NUM
emaj-255	83	66	no	no	DET
emaj-255	83	67	1	1	NUM
emaj-255	83	68	(	(	PUNCT
emaj-255	83	69	2022	2022	NUM
emaj-255	83	70	)	)	PUNCT
emaj-255	83	71	|	|	ADV
emaj-255	83	72	issn	issn	VERB
emaj-255	83	73	2158	2158	NUM
emaj-255	83	74	-	-	SYM
emaj-255	83	75	8708	8708	NUM
emaj-255	83	76	(	(	PUNCT
emaj-255	83	77	online	online	NOUN
emaj-255	83	78	)	)	PUNCT
emaj-255	83	79	|	|	ADV
emaj-255	83	80	doi	doi	X
emaj-255	83	81	10.5195	10.5195	NUM
emaj-255	83	82	/	/	SYM
emaj-255	83	83	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	83	84	|	|	ADV
emaj-255	83	85	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-255	83	86	monday	monday	PROPN
emaj-255	83	87	uhunmwangho	uhunmwangho	ADJ
emaj-255	83	88	emerging	emerge	VERB
emaj-255	83	89	markets	market	NOUN
emaj-255	83	90	journal	journal	NOUN
emaj-255	83	91	|	|	ADV
emaj-255	83	92	p	p	NOUN
emaj-255	83	93	a	a	DET
emaj-255	83	94	g	g	NOUN
emaj-255	83	95	e	e	NOUN
emaj-255	83	96	|97	|97	NOUN
emaj-255	83	97	𝑡_1	𝑡_1	PUNCT
emaj-255	83	98	=	=	PUNCT
emaj-255	83	99	lagged	lag	VERB
emaj-255	83	100	value	value	NOUN
emaj-255	83	101	,	,	PUNCT
emaj-255	83	102	and	and	CCONJ
emaj-255	83	103	𝑈	𝑈	NOUN
emaj-255	83	104	=	=	NOUN
emaj-255	83	105	error	error	NOUN
emaj-255	83	106	term	term	NOUN
emaj-255	83	107	.	.	PUNCT
emaj-255	84	1	the	the	DET
emaj-255	84	2	effect	effect	NOUN
emaj-255	84	3	of	of	ADP
emaj-255	84	4	regulations	regulation	NOUN
emaj-255	84	5	on	on	ADP
emaj-255	84	6	stock	stock	NOUN
emaj-255	84	7	market	market	NOUN
emaj-255	84	8	risk	risk	NOUN
emaj-255	84	9	in	in	ADP
emaj-255	84	10	this	this	DET
emaj-255	84	11	study	study	NOUN
emaj-255	84	12	take	take	VERB
emaj-255	84	13	the	the	DET
emaj-255	84	14	following	follow	VERB
emaj-255	84	15	form	form	NOUN
emaj-255	84	16	:	:	PUNCT
emaj-255	84	17	𝑉𝑅	𝑉𝑅	PROPN
emaj-255	84	18	=	=	SYM
emaj-255	84	19	𝑓(𝐵𝐿𝑅	𝑓(𝐵𝐿𝑅	PROPN
emaj-255	84	20	,	,	PUNCT
emaj-255	84	21	𝐶𝐴𝑅	𝐶𝐴𝑅	PROPN
emaj-255	84	22	,	,	PUNCT
emaj-255	84	23	𝑀𝑃𝑅	𝑀𝑃𝑅	PROPN
emaj-255	84	24	,	,	PUNCT
emaj-255	84	25	𝑃𝐶𝑅	𝑃𝐶𝑅	PROPN
emaj-255	84	26	,	,	PUNCT
emaj-255	84	27	𝐿𝐸𝑉	𝐿𝐸𝑉	PROPN
emaj-255	84	28	,	,	PUNCT
emaj-255	84	29	𝐸𝑋𝑅	𝐸𝑋𝑅	PROPN
emaj-255	84	30	)	)	PUNCT
emaj-255	84	31	(	(	PUNCT
emaj-255	84	32	2	2	X
emaj-255	84	33	)	)	PUNCT
emaj-255	84	34	the	the	DET
emaj-255	84	35	implementable	implementable	ADJ
emaj-255	84	36	form	form	NOUN
emaj-255	84	37	of	of	ADP
emaj-255	84	38	the	the	DET
emaj-255	84	39	above	above	ADJ
emaj-255	84	40	model	model	NOUN
emaj-255	84	41	is	be	AUX
emaj-255	84	42	stated	state	VERB
emaj-255	84	43	as	as	SCONJ
emaj-255	84	44	follows	follow	VERB
emaj-255	84	45	:	:	PUNCT
emaj-255	84	46	𝑉𝑅𝑖𝑡	𝑉𝑅𝑖𝑡	PROPN
emaj-255	84	47	=	=	SYM
emaj-255	84	48	𝛾𝑉𝑅𝑖𝑡_1	𝛾𝑉𝑅𝑖𝑡_1	X
emaj-255	84	49	+	+	NUM
emaj-255	84	50	b1𝐵𝐿𝑅𝑖𝑡	b1𝐵𝐿𝑅𝑖𝑡	NOUN
emaj-255	84	51	+	+	CCONJ
emaj-255	84	52	b2𝐶𝐴𝑅𝑖𝑡	b2𝐶𝐴𝑅𝑖𝑡	ADJ
emaj-255	84	53	+	+	CCONJ
emaj-255	84	54	b3𝑀𝑃𝑅𝑖𝑡	b3𝑀𝑃𝑅𝑖𝑡	ADJ
emaj-255	84	55	+	+	CCONJ
emaj-255	84	56	b4𝑃𝐶𝑅𝑖𝑡	b4𝑃𝐶𝑅𝑖𝑡	X
emaj-255	85	1	+	+	CCONJ
emaj-255	85	2	μ𝑖𝑡	μ𝑖𝑡	NUM
emaj-255	85	3	(	(	PUNCT
emaj-255	85	4	3	3	NUM
emaj-255	85	5	)	)	PUNCT
emaj-255	86	1	where	where	SCONJ
emaj-255	86	2	;	;	PUNCT
emaj-255	86	3	vrit	vrit	NOUN
emaj-255	86	4	=	=	PUNCT
emaj-255	86	5	the	the	DET
emaj-255	86	6	volatility	volatility	NOUN
emaj-255	86	7	of	of	ADP
emaj-255	86	8	stock	stock	NOUN
emaj-255	86	9	price	price	NOUN
emaj-255	86	10	for	for	ADP
emaj-255	86	11	bank	bank	NOUN
emaj-255	86	12	i	i	PRON
emaj-255	86	13	at	at	ADP
emaj-255	86	14	time	time	NOUN
emaj-255	86	15	t	t	PROPN
emaj-255	86	16	(	(	PUNCT
emaj-255	86	17	proxy	proxy	NOUN
emaj-255	86	18	for	for	ADP
emaj-255	86	19	stock	stock	NOUN
emaj-255	86	20	market	market	NOUN
emaj-255	86	21	risk	risk	NOUN
emaj-255	86	22	in	in	ADP
emaj-255	86	23	this	this	DET
emaj-255	86	24	study	study	NOUN
emaj-255	86	25	)	)	PUNCT
emaj-255	86	26	blrit	blrit	NOUN
emaj-255	86	27	=	=	SYM
emaj-255	86	28	regulatory	regulatory	ADJ
emaj-255	86	29	liquidity	liquidity	NOUN
emaj-255	86	30	ratio	ratio	NOUN
emaj-255	86	31	for	for	ADP
emaj-255	86	32	bank	bank	NOUN
emaj-255	86	33	i	i	PRON
emaj-255	86	34	at	at	ADP
emaj-255	86	35	time	time	NOUN
emaj-255	86	36	t	t	PROPN
emaj-255	86	37	(	(	PUNCT
emaj-255	86	38	surrogate	surrogate	VERB
emaj-255	86	39	by	by	ADP
emaj-255	86	40	the	the	DET
emaj-255	86	41	ratio	ratio	NOUN
emaj-255	86	42	of	of	ADP
emaj-255	86	43	cash	cash	NOUN
emaj-255	86	44	and	and	CCONJ
emaj-255	86	45	cash	cash	NOUN
emaj-255	86	46	equivalent	equivalent	ADJ
emaj-255	86	47	to	to	ADP
emaj-255	86	48	bank	bank	NOUN
emaj-255	86	49	total	total	ADJ
emaj-255	86	50	deposits	deposit	NOUN
emaj-255	86	51	)	)	PUNCT
emaj-255	86	52	carit	carit	NOUN
emaj-255	86	53	=	=	SYM
emaj-255	86	54	regulatory	regulatory	ADJ
emaj-255	86	55	capital	capital	NOUN
emaj-255	86	56	adequacy	adequacy	NOUN
emaj-255	86	57	ratio	ratio	NOUN
emaj-255	86	58	for	for	ADP
emaj-255	86	59	bank	bank	NOUN
emaj-255	86	60	i	i	PRON
emaj-255	86	61	at	at	ADP
emaj-255	86	62	time	time	NOUN
emaj-255	86	63	t	t	PROPN
emaj-255	86	64	(	(	PUNCT
emaj-255	86	65	calculated	calculate	VERB
emaj-255	86	66	as	as	ADP
emaj-255	86	67	bank	bank	NOUN
emaj-255	86	68	capital	capital	NOUN
emaj-255	86	69	divided	divide	VERB
emaj-255	86	70	by	by	ADP
emaj-255	86	71	risk	risk	NOUN
emaj-255	86	72	weighted	weight	VERB
emaj-255	86	73	assets	asset	NOUN
emaj-255	86	74	)	)	PUNCT
emaj-255	86	75	mprit	mprit	NOUN
emaj-255	86	76	=	=	SYM
emaj-255	86	77	prescribed	prescribe	VERB
emaj-255	86	78	monetary	monetary	ADJ
emaj-255	86	79	policy	policy	NOUN
emaj-255	86	80	rate	rate	NOUN
emaj-255	86	81	for	for	ADP
emaj-255	86	82	the	the	DET
emaj-255	86	83	aggregate	aggregate	ADJ
emaj-255	86	84	economy	economy	NOUN
emaj-255	86	85	(	(	PUNCT
emaj-255	86	86	benchmark	benchmark	NOUN
emaj-255	86	87	for	for	ADP
emaj-255	86	88	interest	interest	NOUN
emaj-255	86	89	rate	rate	NOUN
emaj-255	86	90	)	)	PUNCT
emaj-255	86	91	pcrit	pcrit	NOUN
emaj-255	86	92	=	=	SYM
emaj-255	86	93	prescribed	prescribe	VERB
emaj-255	86	94	cash	cash	NOUN
emaj-255	86	95	reserve	reserve	NOUN
emaj-255	86	96	ratio	ratio	NOUN
emaj-255	86	97	for	for	ADP
emaj-255	86	98	the	the	DET
emaj-255	86	99	banking	banking	NOUN
emaj-255	86	100	industry	industry	NOUN
emaj-255	86	101	t-1	t-1	PROPN
emaj-255	86	102	=	=	PUNCT
emaj-255	86	103	the	the	DET
emaj-255	86	104	lagged	lag	VERB
emaj-255	86	105	value	value	NOUN
emaj-255	86	106	of	of	ADP
emaj-255	86	107	the	the	DET
emaj-255	86	108	variable	variable	NOUN
emaj-255	86	109	𝛾	𝛾	NOUN
emaj-255	86	110	=	=	PUNCT
emaj-255	86	111	coefficient	coefficient	NOUN
emaj-255	86	112	of	of	ADP
emaj-255	86	113	the	the	DET
emaj-255	86	114	dependent	dependent	ADJ
emaj-255	86	115	variable	variable	NOUN
emaj-255	86	116	in	in	ADP
emaj-255	86	117	the	the	DET
emaj-255	86	118	immediate	immediate	ADJ
emaj-255	86	119	past	past	PROPN
emaj-255	86	120	u	u	NOUN
emaj-255	86	121	=	=	NOUN
emaj-255	86	122	error	error	NOUN
emaj-255	86	123	term	term	NOUN
emaj-255	86	124	bi	bi	NOUN
emaj-255	86	125	–	–	PUNCT
emaj-255	86	126	b2	b2	NOUN
emaj-255	86	127	are	be	AUX
emaj-255	86	128	coefficients	coefficient	NOUN
emaj-255	86	129	of	of	ADP
emaj-255	86	130	the	the	DET
emaj-255	86	131	variables	variable	NOUN
emaj-255	86	132	to	to	PART
emaj-255	86	133	be	be	AUX
emaj-255	86	134	estimated	estimate	VERB
emaj-255	86	135	.	.	PUNCT
emaj-255	87	1	note	note	NOUN
emaj-255	87	2	:	:	PUNCT
emaj-255	87	3	leverage	leverage	NOUN
emaj-255	87	4	(	(	PUNCT
emaj-255	87	5	lev	lev	NOUN
emaj-255	87	6	)	)	PUNCT
emaj-255	87	7	and	and	CCONJ
emaj-255	87	8	exr	exr	PROPN
emaj-255	87	9	(	(	PUNCT
emaj-255	87	10	exchange	exchange	NOUN
emaj-255	87	11	rate	rate	NOUN
emaj-255	87	12	)	)	PUNCT
emaj-255	87	13	were	be	AUX
emaj-255	87	14	added	add	VERB
emaj-255	87	15	as	as	ADP
emaj-255	87	16	external	external	ADJ
emaj-255	87	17	instruments	instrument	NOUN
emaj-255	87	18	which	which	PRON
emaj-255	87	19	is	be	AUX
emaj-255	87	20	a	a	DET
emaj-255	87	21	requirement	requirement	NOUN
emaj-255	87	22	for	for	ADP
emaj-255	87	23	estimating	estimate	VERB
emaj-255	87	24	gmm	gmm	NOUN
emaj-255	87	25	.	.	PUNCT
emaj-255	88	1	stock	stock	NOUN
emaj-255	88	2	price	price	NOUN
emaj-255	88	3	volatility	volatility	NOUN
emaj-255	88	4	is	be	AUX
emaj-255	88	5	best	well	ADV
emaj-255	88	6	captured	capture	VERB
emaj-255	88	7	using	use	VERB
emaj-255	88	8	the	the	DET
emaj-255	88	9	generalized	generalized	ADJ
emaj-255	88	10	autoregressive	autoregressive	ADJ
emaj-255	88	11	conditional	conditional	ADJ
emaj-255	88	12	heteroscedasticity	heteroscedasticity	NOUN
emaj-255	88	13	(	(	PUNCT
emaj-255	88	14	garch	garch	NOUN
emaj-255	88	15	)	)	PUNCT
emaj-255	88	16	.	.	PUNCT
emaj-255	89	1	therefore	therefore	ADV
emaj-255	89	2	,	,	PUNCT
emaj-255	89	3	stock	stock	NOUN
emaj-255	89	4	price	price	NOUN
emaj-255	89	5	was	be	AUX
emaj-255	89	6	subjected	subject	VERB
emaj-255	89	7	to	to	ADP
emaj-255	89	8	garch	garch	NOUN
emaj-255	89	9	procedures	procedure	NOUN
emaj-255	89	10	,	,	PUNCT
emaj-255	89	11	the	the	DET
emaj-255	89	12	residual	residual	ADJ
emaj-255	89	13	extracted	extract	VERB
emaj-255	89	14	and	and	CCONJ
emaj-255	89	15	added	add	VERB
emaj-255	89	16	to	to	ADP
emaj-255	89	17	the	the	DET
emaj-255	89	18	other	other	ADJ
emaj-255	89	19	variables	variable	NOUN
emaj-255	89	20	in	in	ADP
emaj-255	89	21	excel	excel	NOUN
emaj-255	89	22	work	work	NOUN
emaj-255	89	23	file	file	NOUN
emaj-255	89	24	to	to	PART
emaj-255	89	25	enable	enable	VERB
emaj-255	89	26	further	further	ADJ
emaj-255	89	27	investigation	investigation	NOUN
emaj-255	89	28	.	.	PUNCT
emaj-255	90	1	the	the	DET
emaj-255	90	2	mean	mean	ADJ
emaj-255	90	3	equation	equation	NOUN
emaj-255	90	4	of	of	ADP
emaj-255	90	5	arch	arch	ADJ
emaj-255	90	6	model	model	NOUN
emaj-255	90	7	(	(	PUNCT
emaj-255	90	8	gujarati	gujarati	PROPN
emaj-255	90	9	,	,	PUNCT
emaj-255	90	10	2009	2009	NUM
emaj-255	90	11	)	)	PUNCT
emaj-255	90	12	takes	take	VERB
emaj-255	90	13	the	the	DET
emaj-255	90	14	form	form	NOUN
emaj-255	90	15	:	:	PUNCT
emaj-255	90	16	𝑋𝑡	𝑋𝑡	PROPN
emaj-255	90	17	=	=	SYM
emaj-255	90	18	𝐸𝑡−1(𝑋𝑡	𝐸𝑡−1(𝑋𝑡	PROPN
emaj-255	90	19	)	)	PUNCT
emaj-255	91	1	+	+	NUM
emaj-255	91	2	𝜇𝑡	𝜇𝑡	X
emaj-255	91	3	(	(	PUNCT
emaj-255	91	4	4	4	NUM
emaj-255	91	5	)	)	PUNCT
emaj-255	91	6	where	where	SCONJ
emaj-255	91	7	;	;	PUNCT
emaj-255	91	8	xt	xt	PROPN
emaj-255	91	9	=	=	NOUN
emaj-255	91	10	stock	stock	NOUN
emaj-255	91	11	market	market	NOUN
emaj-255	91	12	returns	return	NOUN
emaj-255	91	13	at	at	ADP
emaj-255	91	14	time	time	NOUN
emaj-255	91	15	t	t	PROPN
emaj-255	91	16	(	(	PUNCT
emaj-255	91	17	proxy	proxy	NOUN
emaj-255	91	18	in	in	ADP
emaj-255	91	19	this	this	DET
emaj-255	91	20	study	study	NOUN
emaj-255	91	21	by	by	ADP
emaj-255	91	22	stock	stock	NOUN
emaj-255	91	23	price	price	NOUN
emaj-255	91	24	)	)	PUNCT
emaj-255	91	25	,	,	PUNCT
emaj-255	91	26	et-1	et-1	CCONJ
emaj-255	91	27	=	=	NOUN
emaj-255	91	28	expectation	expectation	NOUN
emaj-255	91	29	depending	depend	VERB
emaj-255	91	30	on	on	ADP
emaj-255	91	31	information	information	NOUN
emaj-255	91	32	available	available	ADJ
emaj-255	91	33	to	to	ADP
emaj-255	91	34	t-1	t-1	PROPN
emaj-255	91	35	,	,	PUNCT
emaj-255	91	36	𝜇	𝜇	ADP
emaj-255	91	37	=	=	NOUN
emaj-255	91	38	error	error	NOUN
emaj-255	91	39	term	term	NOUN
emaj-255	91	40	the	the	DET
emaj-255	91	41	variance	variance	NOUN
emaj-255	91	42	of	of	ADP
emaj-255	91	43	the	the	DET
emaj-255	91	44	above	above	ADJ
emaj-255	91	45	equation	equation	NOUN
emaj-255	91	46	takes	take	VERB
emaj-255	91	47	the	the	DET
emaj-255	91	48	form	form	NOUN
emaj-255	91	49	:	:	PUNCT
emaj-255	91	50	б2	б2	NOUN
emaj-255	91	51	t	t	NOUN
emaj-255	91	52	=	=	SYM
emaj-255	91	53	𝐾0	𝐾0	PROPN
emaj-255	91	54	+	+	CCONJ
emaj-255	91	55	∑	∑	PROPN
emaj-255	91	56	𝑎1𝐸2б2	𝑎1𝐸2б2	PROPN
emaj-255	91	57	t	t	NOUN
emaj-255	91	58	−	−	NUM
emaj-255	91	59	1	1	NUM
emaj-255	91	60	+	+	CCONJ
emaj-255	91	61	𝜇𝑡	𝜇𝑡	VERB
emaj-255	91	62	𝑞	𝑞	X
emaj-255	91	63	𝑖=1	𝑖=1	PROPN
emaj-255	91	64	(	(	PUNCT
emaj-255	91	65	5	5	X
emaj-255	91	66	)	)	PUNCT
emaj-255	91	67	the	the	DET
emaj-255	91	68	general	general	ADJ
emaj-255	91	69	pattern	pattern	NOUN
emaj-255	91	70	of	of	ADP
emaj-255	91	71	equation	equation	NOUN
emaj-255	91	72	5	5	NUM
emaj-255	91	73	with	with	ADP
emaj-255	91	74	log	log	NOUN
emaj-255	91	75	conditional	conditional	ADJ
emaj-255	91	76	variance	variance	NOUN
emaj-255	91	77	as	as	ADP
emaj-255	91	78	autoregressive	autoregressive	ADJ
emaj-255	91	79	model	model	NOUN
emaj-255	91	80	of	of	ADP
emaj-255	91	81	abbreviated	abbreviate	VERB
emaj-255	91	82	as	as	ADP
emaj-255	91	83	garch	garch	NOUN
emaj-255	91	84	(	(	PUNCT
emaj-255	91	85	1,1	1,1	NUM
emaj-255	91	86	)	)	PUNCT
emaj-255	91	87	in	in	ADP
emaj-255	91	88	its	its	PRON
emaj-255	91	89	summarized	summarize	VERB
emaj-255	91	90	form	form	NOUN
emaj-255	91	91	is	be	AUX
emaj-255	91	92	stated	state	VERB
emaj-255	91	93	as	as	ADP
emaj-255	91	94	:	:	PUNCT
emaj-255	91	95	𝑙𝑜𝑔б2𝑡	𝑙𝑜𝑔б2𝑡	PROPN
emaj-255	91	96	=	=	SYM
emaj-255	91	97	𝐾0	𝐾0	NOUN
emaj-255	91	98	+	+	CCONJ
emaj-255	91	99	𝐾1𝐸2t1	𝐾1𝐸2t1	NOUN
emaj-255	91	100	+	+	X
emaj-255	91	101	𝐾2б2t_1	𝐾2б2t_1	X
emaj-255	91	102	(	(	PUNCT
emaj-255	91	103	6	6	NUM
emaj-255	91	104	)	)	PUNCT
emaj-255	91	105	where	where	SCONJ
emaj-255	91	106	;	;	PUNCT
emaj-255	91	107	𝑙𝑜𝑔б2𝑡	𝑙𝑜𝑔б2𝑡	PROPN
emaj-255	91	108	is	be	AUX
emaj-255	91	109	the	the	DET
emaj-255	91	110	log	log	ADJ
emaj-255	91	111	conditional	conditional	ADJ
emaj-255	91	112	variance	variance	NOUN
emaj-255	91	113	and	and	CCONJ
emaj-255	91	114	it	it	PRON
emaj-255	91	115	take	take	VERB
emaj-255	91	116	value	value	NOUN
emaj-255	91	117	from	from	ADP
emaj-255	91	118	𝐾1𝐸2	𝐾1𝐸2	PROPN
emaj-255	91	119	t_1	t_1	PROPN
emaj-255	91	120	,	,	PUNCT
emaj-255	91	121	𝐸2	𝐸2	PROPN
emaj-255	91	122	t_1	t_1	PROPN
emaj-255	91	123	is	be	AUX
emaj-255	91	124	the	the	DET
emaj-255	91	125	past	past	ADJ
emaj-255	91	126	period	period	NOUN
emaj-255	91	127	error	error	NOUN
emaj-255	91	128	variance	variance	NOUN
emaj-255	91	129	,	,	PUNCT
emaj-255	91	130	б2	б2	PROPN
emaj-255	91	131	t_1	t_1	PROPN
emaj-255	91	132	is	be	AUX
emaj-255	91	133	the	the	DET
emaj-255	91	134	past	past	ADJ
emaj-255	91	135	conditional	conditional	ADJ
emaj-255	91	136	variance	variance	NOUN
emaj-255	91	137	,	,	PUNCT
emaj-255	91	138	and	and	CCONJ
emaj-255	91	139	k0	k0	PROPN
emaj-255	91	140	,	,	PUNCT
emaj-255	91	141	k1	k1	PROPN
emaj-255	91	142	,	,	PUNCT
emaj-255	91	143	k2	k2	PROPN
emaj-255	91	144	are	be	AUX
emaj-255	91	145	factors	factor	NOUN
emaj-255	91	146	to	to	PART
emaj-255	91	147	be	be	AUX
emaj-255	91	148	estimated	estimate	VERB
emaj-255	91	149	.	.	PUNCT
emaj-255	92	1	v.	v.	ADP
emaj-255	92	2	results	result	NOUN
emaj-255	92	3	and	and	CCONJ
emaj-255	92	4	discussion	discussion	VERB
emaj-255	92	5	the	the	DET
emaj-255	92	6	main	main	ADJ
emaj-255	92	7	concern	concern	NOUN
emaj-255	92	8	of	of	ADP
emaj-255	92	9	this	this	DET
emaj-255	92	10	study	study	NOUN
emaj-255	92	11	is	be	AUX
emaj-255	92	12	to	to	PART
emaj-255	92	13	examine	examine	VERB
emaj-255	92	14	the	the	DET
emaj-255	92	15	impact	impact	NOUN
emaj-255	92	16	of	of	ADP
emaj-255	92	17	regulations	regulation	NOUN
emaj-255	92	18	on	on	ADP
emaj-255	92	19	stock	stock	NOUN
emaj-255	92	20	market	market	NOUN
emaj-255	92	21	risk	risk	NOUN
emaj-255	92	22	,	,	PUNCT
emaj-255	92	23	therefore	therefore	ADV
emaj-255	92	24	it	it	PRON
emaj-255	92	25	was	be	AUX
emaj-255	92	26	necessary	necessary	ADJ
emaj-255	92	27	to	to	PART
emaj-255	92	28	first	first	ADV
emaj-255	92	29	ascertain	ascertain	ADJ
emaj-255	92	30	volatility	volatility	NOUN
emaj-255	92	31	of	of	ADP
emaj-255	92	32	stock	stock	NOUN
emaj-255	92	33	price	price	NOUN
emaj-255	92	34	.	.	PUNCT
emaj-255	93	1	to	to	PART
emaj-255	93	2	achieve	achieve	VERB
emaj-255	93	3	this	this	PRON
emaj-255	93	4	,	,	PUNCT
emaj-255	93	5	garch	garch	NOUN
emaj-255	93	6	technique	technique	NOUN
emaj-255	93	7	was	be	AUX
emaj-255	93	8	applied	apply	VERB
emaj-255	93	9	on	on	ADP
emaj-255	93	10	stock	stock	NOUN
emaj-255	93	11	price	price	NOUN
emaj-255	93	12	and	and	CCONJ
emaj-255	93	13	the	the	DET
emaj-255	93	14	output	output	NOUN
emaj-255	93	15	is	be	AUX
emaj-255	93	16	displayed	display	VERB
emaj-255	93	17	in	in	ADP
emaj-255	93	18	table	table	NOUN
emaj-255	93	19	1	1	NUM
emaj-255	93	20	below	below	ADV
emaj-255	93	21	.	.	PUNCT
emaj-255	94	1	table	table	NOUN
emaj-255	94	2	1	1	NUM
emaj-255	94	3	:	:	PUNCT
emaj-255	94	4	garch	garch	NOUN
emaj-255	94	5	estimation	estimation	NOUN
emaj-255	94	6	of	of	ADP
emaj-255	94	7	volatility	volatility	NOUN
emaj-255	94	8	variable	variable	ADJ
emaj-255	94	9	coefficient	coefficient	NOUN
emaj-255	94	10	z	z	NOUN
emaj-255	94	11	-	-	PUNCT
emaj-255	94	12	statistic	statistic	ADJ
emaj-255	94	13	p.	p.	NOUN
emaj-255	94	14	value	value	NOUN
emaj-255	94	15	log(garch	log(garch	NOUN
emaj-255	94	16	)	)	PUNCT
emaj-255	94	17	1.3269	1.3269	NUM
emaj-255	94	18	11.8683	11.8683	NUM
emaj-255	94	19	*	*	SYM
emaj-255	94	20	0.0000	0.0000	NUM
emaj-255	94	21	variance	variance	NOUN
emaj-255	94	22	equation	equation	NOUN
emaj-255	94	23	c	c	NOUN
emaj-255	94	24	0.6856	0.6856	VERB
emaj-255	94	25	4.4547	4.4547	NUM
emaj-255	94	26	0.0000	0.0000	NUM
emaj-255	94	27	residual	residual	ADJ
emaj-255	94	28	variance	variance	NOUN
emaj-255	94	29	0.4836	0.4836	NUM
emaj-255	94	30	4.7732	4.7732	NUM
emaj-255	94	31	*	*	SYM
emaj-255	94	32	0.0000	0.0000	NUM
emaj-255	94	33	garch(-1	garch(-1	NOUN
emaj-255	94	34	)	)	PUNCT
emaj-255	94	35	0.4999	0.4999	NUM
emaj-255	94	36	10.0897	10.0897	NUM
emaj-255	94	37	*	*	SYM
emaj-255	94	38	0.0000	0.0000	NUM
emaj-255	94	39	source	source	NOUN
emaj-255	94	40	:	:	PUNCT
emaj-255	94	41	e	e	NOUN
emaj-255	94	42	-	-	NOUN
emaj-255	94	43	views	view	VERB
emaj-255	94	44	9.0	9.0	NUM
emaj-255	94	45	software	software	NOUN
emaj-255	94	46	output	output	NOUN
emaj-255	94	47	it	it	PRON
emaj-255	94	48	is	be	AUX
emaj-255	94	49	obvious	obvious	ADJ
emaj-255	94	50	from	from	ADP
emaj-255	94	51	table	table	NOUN
emaj-255	94	52	1	1	NUM
emaj-255	94	53	above	above	ADP
emaj-255	94	54	that	that	SCONJ
emaj-255	94	55	the	the	DET
emaj-255	94	56	stock	stock	NOUN
emaj-255	94	57	price	price	NOUN
emaj-255	94	58	exhibit	exhibit	NOUN
emaj-255	94	59	volatility	volatility	NOUN
emaj-255	94	60	,	,	PUNCT
emaj-255	94	61	because	because	SCONJ
emaj-255	94	62	the	the	DET
emaj-255	94	63	mean	mean	ADJ
emaj-255	94	64	and	and	CCONJ
emaj-255	94	65	variance	variance	NOUN
emaj-255	94	66	equations	equation	NOUN
emaj-255	94	67	are	be	AUX
emaj-255	94	68	positive	positive	ADJ
emaj-255	94	69	and	and	CCONJ
emaj-255	94	70	significant	significant	ADJ
emaj-255	94	71	at	at	ADP
emaj-255	94	72	1	1	NUM
emaj-255	94	73	%	%	NOUN
emaj-255	94	74	level	level	NOUN
emaj-255	94	75	.	.	PUNCT
emaj-255	95	1	a	a	DET
emaj-255	95	2	further	further	ADJ
emaj-255	95	3	look	look	NOUN
emaj-255	95	4	at	at	ADP
emaj-255	95	5	table	table	NOUN
emaj-255	95	6	1	1	NUM
emaj-255	95	7	revealed	reveal	VERB
emaj-255	95	8	that	that	SCONJ
emaj-255	95	9	the	the	DET
emaj-255	95	10	sum	sum	NOUN
emaj-255	95	11	of	of	ADP
emaj-255	95	12	the	the	DET
emaj-255	95	13	variance	variance	NOUN
emaj-255	95	14	residual	residual	ADJ
emaj-255	95	15	and	and	CCONJ
emaj-255	95	16	garch	garch	NOUN
emaj-255	95	17	(	(	PUNCT
emaj-255	95	18	-1	-1	INTJ
emaj-255	95	19	)	)	PUNCT
emaj-255	95	20	is	be	AUX
emaj-255	95	21	not	not	PART
emaj-255	95	22	more	more	ADJ
emaj-255	95	23	than	than	ADP
emaj-255	95	24	one	one	NUM
emaj-255	95	25	,	,	PUNCT
emaj-255	95	26	which	which	PRON
emaj-255	95	27	is	be	AUX
emaj-255	95	28	a	a	DET
emaj-255	95	29	valid	valid	ADJ
emaj-255	95	30	condition	condition	NOUN
emaj-255	95	31	for	for	ADP
emaj-255	95	32	accepting	accept	VERB
emaj-255	95	33	the	the	DET
emaj-255	95	34	garch	garch	NOUN
emaj-255	95	35	estimate	estimate	NOUN
emaj-255	95	36	.	.	PUNCT
emaj-255	96	1	to	to	PART
emaj-255	96	2	further	far	ADV
emaj-255	96	3	confirm	confirm	VERB
emaj-255	96	4	the	the	DET
emaj-255	96	5	presence	presence	NOUN
emaj-255	96	6	of	of	ADP
emaj-255	96	7	volatility	volatility	NOUN
emaj-255	96	8	in	in	ADP
emaj-255	96	9	stock	stock	NOUN
emaj-255	96	10	price	price	NOUN
emaj-255	96	11	,	,	PUNCT
emaj-255	96	12	the	the	DET
emaj-255	96	13	garch	garch	NOUN
emaj-255	96	14	residual	residual	ADJ
emaj-255	96	15	was	be	AUX
emaj-255	96	16	graphed	graph	VERB
emaj-255	96	17	.	.	PUNCT
emaj-255	97	1	the	the	DET
emaj-255	97	2	outcome	outcome	NOUN
emaj-255	97	3	in	in	ADP
emaj-255	97	4	figure	figure	NOUN
emaj-255	97	5	1	1	NUM
emaj-255	97	6	demonstrates	demonstrate	VERB
emaj-255	97	7	that	that	SCONJ
emaj-255	97	8	the	the	DET
emaj-255	97	9	stock	stock	NOUN
emaj-255	97	10	price	price	NOUN
emaj-255	97	11	is	be	AUX
emaj-255	97	12	volatile	volatile	ADJ
emaj-255	97	13	because	because	SCONJ
emaj-255	97	14	of	of	ADP
emaj-255	97	15	the	the	DET
emaj-255	97	16	high	high	ADJ
emaj-255	97	17	level	level	NOUN
emaj-255	97	18	of	of	ADP
emaj-255	97	19	oscillation	oscillation	NOUN
emaj-255	97	20	.	.	PUNCT
emaj-255	98	1	specifically	specifically	ADV
emaj-255	98	2	,	,	PUNCT
emaj-255	98	3	the	the	DET
emaj-255	98	4	prices	price	NOUN
emaj-255	98	5	swing	swing	VERB
emaj-255	98	6	between	between	ADP
emaj-255	98	7	the	the	DET
emaj-255	98	8	positive	positive	ADJ
emaj-255	98	9	and	and	CCONJ
emaj-255	98	10	the	the	DET
emaj-255	98	11	negative	negative	ADJ
emaj-255	98	12	region	region	NOUN
emaj-255	98	13	(	(	PUNCT
emaj-255	98	14	that	that	PRON
emaj-255	98	15	is	is	ADV
emaj-255	98	16	,	,	PUNCT
emaj-255	98	17	above	above	ADV
emaj-255	98	18	and	and	CCONJ
emaj-255	98	19	below	below	ADP
emaj-255	98	20	the	the	DET
emaj-255	98	21	zero	zero	NUM
emaj-255	98	22	line	line	NOUN
emaj-255	98	23	)	)	PUNCT
emaj-255	98	24	.	.	PUNCT
emaj-255	99	1	a	a	DET
emaj-255	99	2	swing	swing	NOUN
emaj-255	99	3	to	to	ADP
emaj-255	99	4	the	the	DET
emaj-255	99	5	extreme	extreme	NOUN
emaj-255	99	6	up	up	ADP
emaj-255	99	7	indicates	indicate	VERB
emaj-255	99	8	upward	upward	ADJ
emaj-255	99	9	volatility	volatility	NOUN
emaj-255	99	10	,	,	PUNCT
emaj-255	99	11	while	while	SCONJ
emaj-255	99	12	movement	movement	NOUN
emaj-255	99	13	downward	downward	ADV
emaj-255	99	14	(	(	PUNCT
emaj-255	99	15	the	the	DET
emaj-255	99	16	negative	negative	ADJ
emaj-255	99	17	region	region	NOUN
emaj-255	99	18	)	)	PUNCT
emaj-255	99	19	is	be	AUX
emaj-255	99	20	a	a	DET
emaj-255	99	21	sign	sign	NOUN
emaj-255	99	22	of	of	ADP
emaj-255	99	23	downward	downward	ADJ
emaj-255	99	24	volatility	volatility	NOUN
emaj-255	99	25	.	.	PUNCT
emaj-255	100	1	at	at	ADP
emaj-255	100	2	this	this	DET
emaj-255	100	3	point	point	NOUN
emaj-255	100	4	,	,	PUNCT
emaj-255	100	5	loss	loss	NOUN
emaj-255	100	6	occurs	occur	VERB
emaj-255	100	7	abruptly	abruptly	ADV
emaj-255	100	8	due	due	ADP
emaj-255	100	9	to	to	ADP
emaj-255	100	10	a	a	DET
emaj-255	100	11	substantial	substantial	ADJ
emaj-255	100	12	decline	decline	NOUN
emaj-255	100	13	in	in	ADP
emaj-255	100	14	prices	price	NOUN
emaj-255	100	15	.	.	PUNCT
emaj-255	101	1	to	to	PART
emaj-255	101	2	check	check	VERB
emaj-255	101	3	for	for	ADP
emaj-255	101	4	arch	arch	ADJ
emaj-255	101	5	effect	effect	NOUN
emaj-255	101	6	on	on	ADP
emaj-255	101	7	the	the	DET
emaj-255	101	8	residual	residual	ADJ
emaj-255	101	9	variance	variance	NOUN
emaj-255	101	10	,	,	PUNCT
emaj-255	101	11	the	the	DET
emaj-255	101	12	autoregressive	autoregressive	ADJ
emaj-255	101	13	conditional	conditional	ADJ
emaj-255	101	14	heteroscedasticity	heteroscedasticity	NOUN
emaj-255	101	15	lagrange	lagrange	NOUN
emaj-255	101	16	multiplier	multiplier	ADV
emaj-255	101	17	(	(	PUNCT
emaj-255	101	18	arch	arch	NOUN
emaj-255	101	19	-	-	PUNCT
emaj-255	101	20	lm	lm	NOUN
emaj-255	101	21	)	)	PUNCT
emaj-255	101	22	test	test	NOUN
emaj-255	101	23	was	be	AUX
emaj-255	101	24	applied	apply	VERB
emaj-255	101	25	to	to	ADP
emaj-255	101	26	the	the	DET
emaj-255	101	27	garch	garch	NOUN
emaj-255	101	28	residuals	residual	NOUN
emaj-255	101	29	.	.	PUNCT
emaj-255	102	1	the	the	DET
emaj-255	102	2	result	result	NOUN
emaj-255	102	3	highlighted	highlight	VERB
emaj-255	102	4	in	in	ADP
emaj-255	102	5	table	table	NOUN
emaj-255	102	6	2	2	NUM
emaj-255	102	7	reveals	reveal	VERB
emaj-255	102	8	that	that	SCONJ
emaj-255	102	9	the	the	DET
emaj-255	102	10	f.statistic	f.statistic	ADJ
emaj-255	102	11	and	and	CCONJ
emaj-255	102	12	the	the	DET
emaj-255	102	13	observed	observed	ADJ
emaj-255	102	14	r	r	NOUN
emaj-255	102	15	-	-	PUNCT
emaj-255	102	16	squares	square	NOUN
emaj-255	102	17	are	be	AUX
emaj-255	102	18	not	not	PART
emaj-255	102	19	significant	significant	ADJ
emaj-255	102	20	at	at	ADP
emaj-255	102	21	5	5	NUM
emaj-255	102	22	%	%	NOUN
emaj-255	102	23	,	,	PUNCT
emaj-255	102	24	an	an	DET
emaj-255	102	25	indication	indication	NOUN
emaj-255	102	26	that	that	SCONJ
emaj-255	102	27	there	there	PRON
emaj-255	102	28	is	be	VERB
emaj-255	102	29	no	no	DET
emaj-255	102	30	arch	arch	ADJ
emaj-255	102	31	effect	effect	NOUN
emaj-255	102	32	in	in	ADP
emaj-255	102	33	the	the	DET
emaj-255	102	34	residual	residual	NOUN
emaj-255	102	35	.	.	PUNCT
emaj-255	103	1	this	this	PRON
emaj-255	103	2	means	mean	VERB
emaj-255	103	3	that	that	SCONJ
emaj-255	103	4	,	,	PUNCT
emaj-255	103	5	there	there	PRON
emaj-255	103	6	is	be	VERB
emaj-255	103	7	no	no	DET
emaj-255	103	8	autocorrelation	autocorrelation	NOUN
emaj-255	103	9	in	in	ADP
emaj-255	103	10	the	the	DET
emaj-255	103	11	residual	residual	ADJ
emaj-255	104	1	.	.	PUNCT
emaj-255	104	2	table	table	NOUN
emaj-255	104	3	2	2	NUM
emaj-255	104	4	:	:	PUNCT
emaj-255	104	5	arch	arch	ADJ
emaj-255	104	6	-	-	PUNCT
emaj-255	104	7	lm	lm	ADP
emaj-255	104	8	test	test	NOUN
emaj-255	104	9	for	for	ADP
emaj-255	104	10	heteroscedasticity	heteroscedasticity	NOUN
emaj-255	104	11	f	f	X
emaj-255	104	12	-	-	PUNCT
emaj-255	104	13	statistic	statistic	ADJ
emaj-255	104	14	0.074577	0.074577	NUM
emaj-255	104	15	prob	prob	NOUN
emaj-255	104	16	.	.	PUNCT
emaj-255	105	1	f(1,140	f(1,140	ADJ
emaj-255	105	2	)	)	PUNCT
emaj-255	105	3	0.7852	0.7852	NUM
emaj-255	105	4	obs*r	obs*r	NOUN
emaj-255	105	5	-	-	PUNCT
emaj-255	105	6	squared	square	VERB
emaj-255	105	7	0.075602	0.075602	NUM
emaj-255	105	8	prob	prob	NOUN
emaj-255	105	9	.	.	PUNCT
emaj-255	106	1	chi	chi	PROPN
emaj-255	106	2	-	-	PUNCT
emaj-255	106	3	square(1	square(1	PROPN
emaj-255	106	4	)	)	PUNCT
emaj-255	106	5	0.7833	0.7833	NUM
emaj-255	106	6	source	source	NOUN
emaj-255	106	7	:	:	PUNCT
emaj-255	106	8	e	e	NOUN
emaj-255	106	9	-	-	NOUN
emaj-255	106	10	views	view	VERB
emaj-255	106	11	9.0	9.0	NUM
emaj-255	106	12	software	software	NOUN
emaj-255	106	13	output	output	NOUN
emaj-255	106	14	volume	volume	NOUN
emaj-255	106	15	12	12	NUM
emaj-255	106	16	no	no	DET
emaj-255	106	17	1	1	NUM
emaj-255	106	18	(	(	PUNCT
emaj-255	106	19	2022	2022	NUM
emaj-255	106	20	)	)	PUNCT
emaj-255	106	21	|	|	ADV
emaj-255	106	22	issn	issn	VERB
emaj-255	106	23	2158	2158	NUM
emaj-255	106	24	-	-	SYM
emaj-255	106	25	8708	8708	NUM
emaj-255	106	26	(	(	PUNCT
emaj-255	106	27	online	online	NOUN
emaj-255	106	28	)	)	PUNCT
emaj-255	106	29	|	|	ADV
emaj-255	106	30	doi	doi	X
emaj-255	106	31	10.5195	10.5195	NUM
emaj-255	106	32	/	/	SYM
emaj-255	106	33	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	106	34	|	|	ADV
emaj-255	106	35	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-255	106	36	the	the	DET
emaj-255	106	37	effect	effect	NOUN
emaj-255	106	38	of	of	ADP
emaj-255	106	39	regulations	regulation	NOUN
emaj-255	106	40	on	on	ADP
emaj-255	106	41	stock	stock	NOUN
emaj-255	106	42	market	market	NOUN
emaj-255	106	43	risk	risk	NOUN
emaj-255	106	44	(	(	PUNCT
emaj-255	106	45	volatility	volatility	NOUN
emaj-255	106	46	)	)	PUNCT
emaj-255	106	47	in	in	ADP
emaj-255	106	48	nigeria	nigeria	PROPN
emaj-255	106	49	page	page	NOUN
emaj-255	106	50	|98|	|98|	NOUN
emaj-255	106	51	emerging	emerge	VERB
emaj-255	106	52	markets	market	NOUN
emaj-255	106	53	journal	journal	NOUN
emaj-255	106	54	-40	-40	PROPN
emaj-255	106	55	-30	-30	PROPN
emaj-255	106	56	-20	-20	NUM
emaj-255	106	57	-10	-10	SYM
emaj-255	106	58	0	0	NUM
emaj-255	106	59	10	10	NUM
emaj-255	106	60	20	20	NUM
emaj-255	106	61	30	30	NUM
emaj-255	106	62	a	a	DET
emaj-255	106	63	c	c	NOUN
emaj-255	106	64	c	c	NOUN
emaj-255	106	65	e	e	NOUN
emaj-255	106	66	s	s	PROPN
emaj-255	106	67	s	s	PROPN
emaj-255	106	68	b	b	PROPN
emaj-255	106	69	1	1	NUM
emaj-255	106	70	0	0	NUM
emaj-255	106	71	a	a	DET
emaj-255	106	72	c	c	NOUN
emaj-255	106	73	c	c	NOUN
emaj-255	106	74	e	e	NOUN
emaj-255	106	75	s	s	PROPN
emaj-255	106	76	s	s	PROPN
emaj-255	106	77	b	b	PROPN
emaj-255	106	78	1	1	NUM
emaj-255	106	79	4	4	NUM
emaj-255	106	80	a	a	DET
emaj-255	106	81	c	c	NOUN
emaj-255	106	82	c	c	NOUN
emaj-255	106	83	e	e	NOUN
emaj-255	106	84	s	s	PROPN
emaj-255	106	85	s	s	PROPN
emaj-255	106	86	b	b	SYM
emaj-255	106	87	1	1	NUM
emaj-255	106	88	8	8	NUM
emaj-255	106	89	e	e	NOUN
emaj-255	106	90	c	c	NOUN
emaj-255	106	91	o	o	X
emaj-255	106	92	b	b	PROPN
emaj-255	106	93	a	a	PRON
emaj-255	106	94	n	n	NOUN
emaj-255	106	95	k	k	NOUN
emaj-255	106	96	1	1	NUM
emaj-255	106	97	1	1	NUM
emaj-255	106	98	e	e	NOUN
emaj-255	106	99	c	c	NOUN
emaj-255	106	100	o	o	X
emaj-255	106	101	b	b	PROPN
emaj-255	106	102	a	a	DET
emaj-255	106	103	n	n	NOUN
emaj-255	106	104	k	k	NOUN
emaj-255	106	105	1	1	NUM
emaj-255	106	106	5	5	NUM
emaj-255	106	107	e	e	NOUN
emaj-255	106	108	c	c	NOUN
emaj-255	106	109	o	o	X
emaj-255	106	110	b	b	PROPN
emaj-255	106	111	a	a	PRON
emaj-255	106	112	n	n	NOUN
emaj-255	106	113	k	k	NOUN
emaj-255	106	114	1	1	NUM
emaj-255	106	115	9	9	NUM
emaj-255	106	116	f	f	NOUN
emaj-255	107	1	c	c	NOUN
emaj-255	107	2	m	m	PROPN
emaj-255	107	3	b	b	NOUN
emaj-255	107	4	1	1	NUM
emaj-255	107	5	2	2	NUM
emaj-255	107	6	f	f	NOUN
emaj-255	107	7	c	c	NOUN
emaj-255	107	8	m	m	PROPN
emaj-255	107	9	b	b	NOUN
emaj-255	107	10	1	1	NUM
emaj-255	107	11	6	6	NUM
emaj-255	107	12	f	f	NOUN
emaj-255	107	13	c	c	NOUN
emaj-255	107	14	m	m	PROPN
emaj-255	107	15	b	b	PROPN
emaj-255	107	16	2	2	NUM
emaj-255	107	17	0	0	NUM
emaj-255	107	18	f	f	PROPN
emaj-255	107	19	i	i	PROPN
emaj-255	107	20	d	d	PROPN
emaj-255	107	21	e	e	PROPN
emaj-255	107	22	li	li	PROPN
emaj-255	107	23	t	t	PROPN
emaj-255	107	24	y	y	PROPN
emaj-255	107	25	b	b	PROPN
emaj-255	107	26	1	1	NUM
emaj-255	107	27	3	3	NUM
emaj-255	107	28	f	f	NOUN
emaj-255	107	29	i	i	PROPN
emaj-255	107	30	d	d	PROPN
emaj-255	107	31	e	e	PROPN
emaj-255	107	32	li	li	PROPN
emaj-255	107	33	t	t	PROPN
emaj-255	107	34	y	y	PROPN
emaj-255	107	35	b	b	PROPN
emaj-255	107	36	1	1	NUM
emaj-255	107	37	7	7	NUM
emaj-255	107	38	f	f	PROPN
emaj-255	107	39	ir	ir	PROPN
emaj-255	107	40	s	s	PROPN
emaj-255	107	41	t	t	PROPN
emaj-255	107	42	b	b	PROPN
emaj-255	107	43	1	1	NUM
emaj-255	107	44	0	0	NUM
emaj-255	107	45	f	f	PROPN
emaj-255	107	46	ir	ir	PROPN
emaj-255	107	47	s	s	PROPN
emaj-255	107	48	t	t	PROPN
emaj-255	107	49	b	b	PROPN
emaj-255	107	50	1	1	NUM
emaj-255	107	51	4	4	NUM
emaj-255	107	52	f	f	PROPN
emaj-255	107	53	ir	ir	PROPN
emaj-255	107	54	s	s	PROPN
emaj-255	107	55	t	t	PROPN
emaj-255	107	56	b	b	PROPN
emaj-255	107	57	1	1	NUM
emaj-255	107	58	8	8	NUM
emaj-255	107	59	g	g	NOUN
emaj-255	107	60	t	t	PROPN
emaj-255	107	61	b	b	PROPN
emaj-255	107	62	1	1	NUM
emaj-255	107	63	1	1	NUM
emaj-255	107	64	g	g	NOUN
emaj-255	107	65	t	t	PROPN
emaj-255	107	66	b	b	PROPN
emaj-255	107	67	1	1	NUM
emaj-255	107	68	5	5	NUM
emaj-255	107	69	g	g	PROPN
emaj-255	107	70	t	t	PROPN
emaj-255	107	71	b	b	PROPN
emaj-255	107	72	1	1	NUM
emaj-255	107	73	9	9	NUM
emaj-255	107	74	s	s	ADP
emaj-255	107	75	t	t	NOUN
emaj-255	107	76	a	a	DET
emaj-255	107	77	n	n	PROPN
emaj-255	107	78	b	b	NOUN
emaj-255	107	79	ic	ic	INTJ
emaj-255	107	80	1	1	NUM
emaj-255	107	81	2	2	NUM
emaj-255	107	82	s	s	ADP
emaj-255	107	83	t	t	NOUN
emaj-255	107	84	a	a	DET
emaj-255	107	85	n	n	PROPN
emaj-255	107	86	b	b	NOUN
emaj-255	107	87	ic	ic	INTJ
emaj-255	107	88	1	1	NUM
emaj-255	107	89	6	6	NUM
emaj-255	107	90	s	s	NOUN
emaj-255	107	91	t	t	NOUN
emaj-255	107	92	a	a	DET
emaj-255	107	93	n	n	PROPN
emaj-255	107	94	b	b	NOUN
emaj-255	107	95	ic	ic	INTJ
emaj-255	107	96	2	2	NUM
emaj-255	107	97	0	0	NUM
emaj-255	107	98	s	s	PART
emaj-255	107	99	t	t	NOUN
emaj-255	107	100	e	e	NOUN
emaj-255	107	101	r	r	NOUN
emaj-255	107	102	li	li	PROPN
emaj-255	107	103	n	n	ADP
emaj-255	107	104	g	g	PROPN
emaj-255	107	105	1	1	NUM
emaj-255	107	106	3	3	NUM
emaj-255	107	107	s	s	NOUN
emaj-255	107	108	t	t	NOUN
emaj-255	107	109	e	e	NOUN
emaj-255	107	110	r	r	NOUN
emaj-255	107	111	li	li	PROPN
emaj-255	107	112	n	n	ADP
emaj-255	107	113	g	g	PROPN
emaj-255	107	114	1	1	NUM
emaj-255	107	115	7	7	NUM
emaj-255	107	116	u	u	NOUN
emaj-255	107	117	b	b	NOUN
emaj-255	107	118	a	a	DET
emaj-255	107	119	1	1	NUM
emaj-255	107	120	0	0	NUM
emaj-255	107	121	u	u	NOUN
emaj-255	107	122	b	b	PROPN
emaj-255	107	123	a	a	DET
emaj-255	107	124	1	1	NUM
emaj-255	107	125	4	4	NUM
emaj-255	107	126	u	u	NOUN
emaj-255	107	127	b	b	NOUN
emaj-255	107	128	a	a	DET
emaj-255	107	129	1	1	NUM
emaj-255	107	130	8	8	NUM
emaj-255	107	131	u	u	NOUN
emaj-255	107	132	n	n	ADP
emaj-255	107	133	io	io	X
emaj-255	107	134	n	n	ADV
emaj-255	107	135	b	b	PROPN
emaj-255	107	136	1	1	NUM
emaj-255	107	137	1	1	NUM
emaj-255	107	138	u	u	NOUN
emaj-255	107	139	n	n	ADP
emaj-255	107	140	io	io	X
emaj-255	107	141	n	n	ADV
emaj-255	107	142	b	b	PROPN
emaj-255	107	143	1	1	NUM
emaj-255	107	144	5	5	NUM
emaj-255	107	145	u	u	NOUN
emaj-255	107	146	n	n	ADP
emaj-255	107	147	io	io	X
emaj-255	107	148	n	n	ADV
emaj-255	107	149	b	b	PROPN
emaj-255	107	150	1	1	NUM
emaj-255	107	151	9	9	NUM
emaj-255	107	152	u	u	NOUN
emaj-255	107	153	n	n	ADV
emaj-255	107	154	it	it	PRON
emaj-255	107	155	y	y	PROPN
emaj-255	107	156	b	b	NOUN
emaj-255	107	157	1	1	NUM
emaj-255	107	158	2	2	NUM
emaj-255	107	159	u	u	NOUN
emaj-255	107	160	n	n	NOUN
emaj-255	107	161	it	it	PRON
emaj-255	107	162	y	y	PROPN
emaj-255	107	163	b	b	NOUN
emaj-255	107	164	1	1	NUM
emaj-255	107	165	6	6	NUM
emaj-255	107	166	u	u	NOUN
emaj-255	107	167	n	n	ADV
emaj-255	107	168	it	it	PRON
emaj-255	107	169	y	y	PROPN
emaj-255	107	170	b	b	X
emaj-255	107	171	2	2	NUM
emaj-255	107	172	0	0	NUM
emaj-255	107	173	w	w	PROPN
emaj-255	107	174	e	e	PROPN
emaj-255	107	175	m	m	VERB
emaj-255	107	176	a	a	DET
emaj-255	107	177	b	b	NUM
emaj-255	107	178	1	1	NUM
emaj-255	107	179	3	3	NUM
emaj-255	107	180	w	w	NOUN
emaj-255	107	181	e	e	PROPN
emaj-255	107	182	m	m	PROPN
emaj-255	107	183	a	a	DET
emaj-255	107	184	b	b	NOUN
emaj-255	107	185	1	1	NUM
emaj-255	107	186	7	7	NUM
emaj-255	107	187	z	z	NOUN
emaj-255	107	188	e	e	NOUN
emaj-255	107	189	n	n	NOUN
emaj-255	107	190	it	it	PRON
emaj-255	107	191	h	h	NOUN
emaj-255	108	1	b	b	NOUN
emaj-255	108	2	1	1	NUM
emaj-255	108	3	0	0	NUM
emaj-255	108	4	z	z	NOUN
emaj-255	108	5	e	e	NOUN
emaj-255	108	6	n	n	NOUN
emaj-255	108	7	it	it	PRON
emaj-255	108	8	h	h	NOUN
emaj-255	109	1	b	b	NOUN
emaj-255	109	2	1	1	NUM
emaj-255	109	3	4	4	NUM
emaj-255	109	4	z	z	NOUN
emaj-255	109	5	e	e	NOUN
emaj-255	109	6	n	n	NOUN
emaj-255	109	7	it	it	PRON
emaj-255	109	8	h	h	NOUN
emaj-255	109	9	b	b	NOUN
emaj-255	109	10	1	1	NUM
emaj-255	109	11	8	8	NUM
emaj-255	109	12	vr	vr	NOUN
emaj-255	109	13	figure	figure	NOUN
emaj-255	109	14	1	1	NUM
emaj-255	109	15	:	:	PUNCT
emaj-255	109	16	volatility	volatility	NOUN
emaj-255	109	17	of	of	ADP
emaj-255	109	18	bank	bank	PROPN
emaj-255	109	19	stocks	stock	NOUN
emaj-255	109	20	source	source	NOUN
emaj-255	109	21	:	:	PUNCT
emaj-255	109	22	e	e	NOUN
emaj-255	109	23	-	-	NOUN
emaj-255	109	24	views	view	VERB
emaj-255	109	25	9.0	9.0	NUM
emaj-255	109	26	software	software	NOUN
emaj-255	109	27	output	output	NOUN
emaj-255	109	28	based	base	VERB
emaj-255	109	29	on	on	ADP
emaj-255	109	30	the	the	DET
emaj-255	109	31	fact	fact	NOUN
emaj-255	109	32	that	that	SCONJ
emaj-255	109	33	the	the	DET
emaj-255	109	34	incidence	incidence	NOUN
emaj-255	109	35	of	of	ADP
emaj-255	109	36	volatility	volatility	NOUN
emaj-255	109	37	in	in	ADP
emaj-255	109	38	the	the	DET
emaj-255	109	39	stock	stock	NOUN
emaj-255	109	40	price	price	NOUN
emaj-255	109	41	has	have	AUX
emaj-255	109	42	been	be	AUX
emaj-255	109	43	established	establish	VERB
emaj-255	109	44	,	,	PUNCT
emaj-255	109	45	the	the	DET
emaj-255	109	46	garch	garch	NOUN
emaj-255	109	47	residual	residual	ADJ
emaj-255	109	48	which	which	PRON
emaj-255	109	49	is	be	AUX
emaj-255	109	50	called	call	VERB
emaj-255	109	51	volatility	volatility	NOUN
emaj-255	109	52	in	in	ADP
emaj-255	109	53	this	this	DET
emaj-255	109	54	study	study	NOUN
emaj-255	109	55	was	be	AUX
emaj-255	109	56	extracted	extract	VERB
emaj-255	109	57	and	and	CCONJ
emaj-255	109	58	added	add	VERB
emaj-255	109	59	to	to	ADP
emaj-255	109	60	other	other	ADJ
emaj-255	109	61	modeled	model	VERB
emaj-255	109	62	variables	variable	NOUN
emaj-255	109	63	in	in	ADP
emaj-255	109	64	excel	excel	NOUN
emaj-255	109	65	-	-	PUNCT
emaj-255	109	66	work	work	NOUN
emaj-255	109	67	-	-	PUNCT
emaj-255	109	68	file	file	NOUN
emaj-255	109	69	to	to	PART
emaj-255	109	70	enable	enable	VERB
emaj-255	109	71	this	this	DET
emaj-255	109	72	study	study	NOUN
emaj-255	109	73	investigate	investigate	VERB
emaj-255	109	74	the	the	DET
emaj-255	109	75	impact	impact	NOUN
emaj-255	109	76	of	of	ADP
emaj-255	109	77	regulations	regulation	NOUN
emaj-255	109	78	on	on	ADP
emaj-255	109	79	stock	stock	NOUN
emaj-255	109	80	market	market	NOUN
emaj-255	109	81	risk	risk	NOUN
emaj-255	109	82	(	(	PUNCT
emaj-255	109	83	volatility	volatility	NOUN
emaj-255	109	84	)	)	PUNCT
emaj-255	109	85	.	.	PUNCT
emaj-255	110	1	the	the	DET
emaj-255	110	2	concern	concern	NOUN
emaj-255	110	3	in	in	ADP
emaj-255	110	4	this	this	DET
emaj-255	110	5	study	study	NOUN
emaj-255	110	6	is	be	AUX
emaj-255	110	7	to	to	PART
emaj-255	110	8	assess	assess	VERB
emaj-255	110	9	whether	whether	SCONJ
emaj-255	110	10	regulations	regulation	NOUN
emaj-255	110	11	after	after	ADP
emaj-255	110	12	the	the	DET
emaj-255	110	13	2007	2007	NUM
emaj-255	110	14	financial	financial	ADJ
emaj-255	110	15	crisis	crisis	NOUN
emaj-255	110	16	played	play	VERB
emaj-255	110	17	any	any	DET
emaj-255	110	18	major	major	ADJ
emaj-255	110	19	role	role	NOUN
emaj-255	110	20	on	on	ADP
emaj-255	110	21	stock	stock	NOUN
emaj-255	110	22	market	market	NOUN
emaj-255	110	23	risk	risk	NOUN
emaj-255	110	24	(	(	PUNCT
emaj-255	110	25	proxy	proxy	NOUN
emaj-255	110	26	by	by	ADP
emaj-255	110	27	volatility	volatility	NOUN
emaj-255	110	28	in	in	ADP
emaj-255	110	29	this	this	DET
emaj-255	110	30	study	study	NOUN
emaj-255	110	31	)	)	PUNCT
emaj-255	110	32	.	.	PUNCT
emaj-255	111	1	specifically	specifically	ADV
emaj-255	111	2	,	,	PUNCT
emaj-255	111	3	whether	whether	SCONJ
emaj-255	111	4	micro	micro	ADJ
emaj-255	111	5	and	and	CCONJ
emaj-255	111	6	macro	macro	ADJ
emaj-255	111	7	prudential	prudential	ADJ
emaj-255	111	8	regulatory	regulatory	ADJ
emaj-255	111	9	tools	tool	NOUN
emaj-255	111	10	are	be	AUX
emaj-255	111	11	potent	potent	ADJ
emaj-255	111	12	factors	factor	NOUN
emaj-255	111	13	in	in	ADP
emaj-255	111	14	arresting	arrest	VERB
emaj-255	111	15	volatility	volatility	NOUN
emaj-255	111	16	.	.	PUNCT
emaj-255	112	1	to	to	ADP
emaj-255	112	2	this	this	DET
emaj-255	112	3	end	end	NOUN
emaj-255	112	4	,	,	PUNCT
emaj-255	112	5	the	the	DET
emaj-255	112	6	modelled	model	VERB
emaj-255	112	7	variables	variable	NOUN
emaj-255	112	8	were	be	AUX
emaj-255	112	9	subjected	subject	VERB
emaj-255	112	10	to	to	AUX
emaj-255	112	11	difference	difference	NOUN
emaj-255	112	12	generalized	generalize	VERB
emaj-255	112	13	method	method	NOUN
emaj-255	112	14	of	of	ADP
emaj-255	112	15	moments	moment	NOUN
emaj-255	112	16	(	(	PUNCT
emaj-255	112	17	dgmm	dgmm	NOUN
emaj-255	112	18	)	)	PUNCT
emaj-255	112	19	regression	regression	NOUN
emaj-255	112	20	technique	technique	NOUN
emaj-255	112	21	.	.	PUNCT
emaj-255	113	1	the	the	DET
emaj-255	113	2	outcome	outcome	NOUN
emaj-255	113	3	of	of	ADP
emaj-255	113	4	dgmm	dgmm	NOUN
emaj-255	113	5	estimate	estimate	NOUN
emaj-255	113	6	is	be	AUX
emaj-255	113	7	highlighted	highlight	VERB
emaj-255	113	8	in	in	ADP
emaj-255	113	9	table	table	NOUN
emaj-255	113	10	3	3	NUM
emaj-255	113	11	below	below	ADV
emaj-255	113	12	.	.	PUNCT
emaj-255	114	1	table	table	NOUN
emaj-255	114	2	3	3	NUM
emaj-255	114	3	:	:	PUNCT
emaj-255	114	4	dgmm	dgmm	NOUN
emaj-255	114	5	regression	regression	NOUN
emaj-255	114	6	output	output	NOUN
emaj-255	114	7	(	(	PUNCT
emaj-255	114	8	vr	vr	NOUN
emaj-255	114	9	as	as	ADP
emaj-255	114	10	dependent	dependent	ADJ
emaj-255	114	11	variable	variable	NOUN
emaj-255	114	12	)	)	PUNCT
emaj-255	115	1	variables	variables	PROPN
emaj-255	115	2	coeff	coeff	PROPN
emaj-255	115	3	.	.	PUNCT
emaj-255	116	1	t.	t.	PROPN
emaj-255	116	2	statistics	statistics	PROPN
emaj-255	116	3	probability	probability	PROPN
emaj-255	116	4	vr(-1	vr(-1	NOUN
emaj-255	116	5	)	)	PUNCT
emaj-255	116	6	-0.1646	-0.1646	NOUN
emaj-255	116	7	-2.3962	-2.3962	PUNCT
emaj-255	117	1	0.0184	0.0184	NUM
emaj-255	117	2	*	*	PUNCT
emaj-255	117	3	*	*	PUNCT
emaj-255	117	4	blr	blr	X
emaj-255	117	5	30.2367	30.2367	NUM
emaj-255	117	6	3.4497	3.4497	NUM
emaj-255	117	7	0.0008	0.0008	NUM
emaj-255	117	8	*	*	NOUN
emaj-255	117	9	car	car	NOUN
emaj-255	117	10	-3.9428	-3.9428	NOUN
emaj-255	117	11	-0.1654	-0.1654	NOUN
emaj-255	118	1	0.8690	0.8690	NUM
emaj-255	118	2	mpr	mpr	NOUN
emaj-255	118	3	0.3685	0.3685	NUM
emaj-255	118	4	2.0077	2.0077	NUM
emaj-255	118	5	0.0474	0.0474	NUM
emaj-255	118	6	*	*	PUNCT
emaj-255	118	7	*	*	PUNCT
emaj-255	118	8	pcr	pcr	PROPN
emaj-255	118	9	-0.1755	-0.1755	PROPN
emaj-255	118	10	-3.0422	-3.0422	VERB
emaj-255	118	11	0.0030	0.0030	NUM
emaj-255	118	12	*	*	PUNCT
emaj-255	118	13	j.	j.	PROPN
emaj-255	118	14	statistic	statistic	PROPN
emaj-255	118	15	=	=	PROPN
emaj-255	118	16	9.9452	9.9452	NUM
emaj-255	118	17	pro	pro	NOUN
emaj-255	118	18	.	.	PUNCT
emaj-255	119	1	j.	j.	PROPN
emaj-255	119	2	statistic	statistic	PROPN
emaj-255	119	3	=	=	NOUN
emaj-255	119	4	0.2689	0.2689	NUM
emaj-255	119	5	instrument	instrument	NOUN
emaj-255	119	6	ranking	rank	VERB
emaj-255	119	7	=	=	SYM
emaj-255	119	8	13	13	NUM
emaj-255	119	9	*	*	PUNCT
emaj-255	119	10	;	;	PUNCT
emaj-255	120	1	*	*	PUNCT
emaj-255	120	2	*	*	PUNCT
emaj-255	120	3	=	=	PUNCT
emaj-255	120	4	significant	significant	ADJ
emaj-255	120	5	at	at	ADP
emaj-255	120	6	1	1	NUM
emaj-255	120	7	%	%	NOUN
emaj-255	120	8	and	and	CCONJ
emaj-255	120	9	5	5	NUM
emaj-255	120	10	%	%	NOUN
emaj-255	120	11	level	level	NOUN
emaj-255	120	12	respectively	respectively	ADV
emaj-255	120	13	source	source	NOUN
emaj-255	120	14	:	:	PUNCT
emaj-255	120	15	e	e	NOUN
emaj-255	120	16	-	-	NOUN
emaj-255	120	17	views	view	VERB
emaj-255	120	18	9.0	9.0	NUM
emaj-255	120	19	software	software	NOUN
emaj-255	120	20	output	output	NOUN
emaj-255	120	21	table	table	NOUN
emaj-255	120	22	3	3	NUM
emaj-255	120	23	reveals	reveal	VERB
emaj-255	120	24	that	that	SCONJ
emaj-255	120	25	the	the	DET
emaj-255	120	26	goodness	goodness	NOUN
emaj-255	120	27	of	of	ADP
emaj-255	120	28	fit	fit	ADJ
emaj-255	120	29	statistic	statistic	NOUN
emaj-255	120	30	represented	represent	VERB
emaj-255	120	31	by	by	ADP
emaj-255	120	32	j.statistic	j.statistic	ADJ
emaj-255	120	33	is	be	AUX
emaj-255	120	34	very	very	ADV
emaj-255	120	35	impressive	impressive	ADJ
emaj-255	120	36	,	,	PUNCT
emaj-255	120	37	because	because	SCONJ
emaj-255	120	38	the	the	DET
emaj-255	120	39	probability	probability	NOUN
emaj-255	120	40	of	of	ADP
emaj-255	120	41	j.statistic	j.statistic	ADJ
emaj-255	120	42	is	be	AUX
emaj-255	120	43	not	not	PART
emaj-255	120	44	significant	significant	ADJ
emaj-255	120	45	at	at	ADP
emaj-255	120	46	the	the	DET
emaj-255	120	47	0.05	0.05	NUM
emaj-255	120	48	percent	percent	NOUN
emaj-255	120	49	level	level	NOUN
emaj-255	120	50	.	.	PUNCT
emaj-255	121	1	the	the	DET
emaj-255	121	2	result	result	NOUN
emaj-255	121	3	implies	imply	VERB
emaj-255	121	4	that	that	SCONJ
emaj-255	121	5	the	the	DET
emaj-255	121	6	model	model	NOUN
emaj-255	121	7	is	be	AUX
emaj-255	121	8	well	well	ADV
emaj-255	121	9	specified	specify	VERB
emaj-255	121	10	because	because	SCONJ
emaj-255	121	11	there	there	PRON
emaj-255	121	12	are	be	VERB
emaj-255	121	13	no	no	DET
emaj-255	121	14	over	over	ADP
emaj-255	121	15	-	-	PUNCT
emaj-255	121	16	or	or	CCONJ
emaj-255	121	17	-	-	PUNCT
emaj-255	121	18	under	under	ADJ
emaj-255	121	19	restrictions	restriction	NOUN
emaj-255	121	20	in	in	ADP
emaj-255	121	21	the	the	DET
emaj-255	121	22	model	model	NOUN
emaj-255	121	23	and	and	CCONJ
emaj-255	121	24	the	the	DET
emaj-255	121	25	instrumental	instrumental	ADJ
emaj-255	121	26	variables	variable	NOUN
emaj-255	121	27	added	add	VERB
emaj-255	121	28	infuse	infuse	NOUN
emaj-255	121	29	into	into	ADP
emaj-255	121	30	the	the	DET
emaj-255	121	31	model	model	NOUN
emaj-255	121	32	.	.	PUNCT
emaj-255	122	1	to	to	PART
emaj-255	122	2	be	be	AUX
emaj-255	122	3	sure	sure	ADJ
emaj-255	122	4	there	there	PRON
emaj-255	122	5	is	be	VERB
emaj-255	122	6	no	no	DET
emaj-255	122	7	serial	serial	ADJ
emaj-255	122	8	correlation	correlation	NOUN
emaj-255	122	9	in	in	ADP
emaj-255	122	10	the	the	DET
emaj-255	122	11	regression	regression	NOUN
emaj-255	122	12	estimates	estimate	NOUN
emaj-255	122	13	,	,	PUNCT
emaj-255	122	14	the	the	DET
emaj-255	122	15	arrelano	arrelano	NOUN
emaj-255	122	16	and	and	CCONJ
emaj-255	122	17	bond	bond	NOUN
emaj-255	122	18	(	(	PUNCT
emaj-255	122	19	1991	1991	NUM
emaj-255	122	20	)	)	PUNCT
emaj-255	122	21	autocorrelation	autocorrelation	NOUN
emaj-255	122	22	test	test	NOUN
emaj-255	122	23	were	be	AUX
emaj-255	122	24	applied	apply	VERB
emaj-255	122	25	to	to	ADP
emaj-255	122	26	it	it	PRON
emaj-255	122	27	,	,	PUNCT
emaj-255	122	28	and	and	CCONJ
emaj-255	122	29	the	the	DET
emaj-255	122	30	result	result	NOUN
emaj-255	122	31	is	be	AUX
emaj-255	122	32	presented	present	VERB
emaj-255	122	33	in	in	ADP
emaj-255	122	34	table	table	NOUN
emaj-255	122	35	4	4	NUM
emaj-255	122	36	.	.	PUNCT
emaj-255	123	1	the	the	DET
emaj-255	123	2	result	result	NOUN
emaj-255	123	3	in	in	ADP
emaj-255	123	4	table	table	NOUN
emaj-255	123	5	4	4	NUM
emaj-255	123	6	clearly	clearly	ADV
emaj-255	123	7	shows	show	VERB
emaj-255	123	8	the	the	DET
emaj-255	123	9	absence	absence	NOUN
emaj-255	123	10	of	of	ADP
emaj-255	123	11	autocorrelation	autocorrelation	NOUN
emaj-255	123	12	in	in	ADP
emaj-255	123	13	the	the	DET
emaj-255	123	14	regression	regression	NOUN
emaj-255	123	15	output	output	NOUN
emaj-255	123	16	due	due	ADP
emaj-255	123	17	to	to	ADP
emaj-255	123	18	the	the	PRON
emaj-255	123	19	not	not	PART
emaj-255	123	20	significance	significance	NOUN
emaj-255	123	21	of	of	ADP
emaj-255	123	22	ar(1	ar(1	PROPN
emaj-255	123	23	)	)	PUNCT
emaj-255	123	24	and	and	CCONJ
emaj-255	123	25	ar(2	ar(2	PROPN
emaj-255	123	26	)	)	PUNCT
emaj-255	123	27	statistics	statistic	NOUN
emaj-255	123	28	at	at	ADP
emaj-255	123	29	the	the	DET
emaj-255	123	30	5	5	NUM
emaj-255	123	31	%	%	NOUN
emaj-255	123	32	level	level	NOUN
emaj-255	123	33	.	.	PUNCT
emaj-255	124	1	the	the	DET
emaj-255	124	2	condition	condition	NOUN
emaj-255	124	3	for	for	ADP
emaj-255	124	4	accepting	accept	VERB
emaj-255	124	5	the	the	DET
emaj-255	124	6	dgmm	dgmm	NOUN
emaj-255	124	7	result	result	NOUN
emaj-255	124	8	is	be	AUX
emaj-255	124	9	that	that	SCONJ
emaj-255	124	10	at	at	ADV
emaj-255	124	11	least	least	ADJ
emaj-255	124	12	ar(2	ar(2	NOUN
emaj-255	124	13	)	)	PUNCT
emaj-255	124	14	should	should	AUX
emaj-255	124	15	not	not	PART
emaj-255	124	16	be	be	AUX
emaj-255	124	17	significant	significant	ADJ
emaj-255	124	18	,	,	PUNCT
emaj-255	124	19	judging	judge	VERB
emaj-255	124	20	by	by	ADP
emaj-255	124	21	the	the	DET
emaj-255	124	22	probability	probability	NOUN
emaj-255	124	23	value	value	NOUN
emaj-255	124	24	.	.	PUNCT
emaj-255	125	1	consequent	consequent	ADJ
emaj-255	125	2	to	to	ADP
emaj-255	125	3	the	the	DET
emaj-255	125	4	impressive	impressive	ADJ
emaj-255	125	5	outcome	outcome	NOUN
emaj-255	125	6	of	of	ADP
emaj-255	125	7	the	the	DET
emaj-255	125	8	diagnostic	diagnostic	ADJ
emaj-255	125	9	tests	test	NOUN
emaj-255	125	10	,	,	PUNCT
emaj-255	125	11	the	the	DET
emaj-255	125	12	study	study	NOUN
emaj-255	125	13	went	go	VERB
emaj-255	125	14	ahead	ahead	ADV
emaj-255	125	15	to	to	PART
emaj-255	125	16	interpret	interpret	VERB
emaj-255	125	17	the	the	DET
emaj-255	125	18	dgmm	dgmm	NOUN
emaj-255	125	19	results	result	NOUN
emaj-255	125	20	in	in	ADP
emaj-255	125	21	table	table	NOUN
emaj-255	125	22	3	3	NUM
emaj-255	125	23	above	above	ADV
emaj-255	125	24	because	because	SCONJ
emaj-255	125	25	of	of	ADP
emaj-255	125	26	the	the	DET
emaj-255	125	27	sureness	sureness	NOUN
emaj-255	125	28	that	that	SCONJ
emaj-255	125	29	it	it	PRON
emaj-255	125	30	is	be	AUX
emaj-255	125	31	consistent	consistent	ADJ
emaj-255	125	32	and	and	CCONJ
emaj-255	125	33	reliable	reliable	ADJ
emaj-255	125	34	,	,	PUNCT
emaj-255	125	35	and	and	CCONJ
emaj-255	125	36	therefore	therefore	ADV
emaj-255	125	37	good	good	ADJ
emaj-255	125	38	for	for	ADP
emaj-255	125	39	policy	policy	NOUN
emaj-255	125	40	direction	direction	NOUN
emaj-255	125	41	.	.	PUNCT
emaj-255	126	1	the	the	DET
emaj-255	126	2	result	result	NOUN
emaj-255	126	3	in	in	ADP
emaj-255	126	4	table	table	NOUN
emaj-255	126	5	3	3	NUM
emaj-255	126	6	reveals	reveal	VERB
emaj-255	126	7	that	that	SCONJ
emaj-255	126	8	previous	previous	ADJ
emaj-255	126	9	market	market	NOUN
emaj-255	126	10	volatility	volatility	NOUN
emaj-255	126	11	has	have	VERB
emaj-255	126	12	a	a	DET
emaj-255	126	13	spillover	spillover	ADJ
emaj-255	126	14	effect	effect	NOUN
emaj-255	126	15	on	on	ADP
emaj-255	126	16	current	current	ADJ
emaj-255	126	17	volatility	volatility	NOUN
emaj-255	126	18	because	because	SCONJ
emaj-255	126	19	of	of	ADP
emaj-255	126	20	the	the	DET
emaj-255	126	21	significance	significance	NOUN
emaj-255	126	22	of	of	ADP
emaj-255	126	23	the	the	DET
emaj-255	126	24	past	past	ADJ
emaj-255	126	25	value	value	NOUN
emaj-255	126	26	at	at	ADP
emaj-255	126	27	the	the	DET
emaj-255	126	28	5	5	NUM
emaj-255	126	29	%	%	NOUN
emaj-255	126	30	level	level	NOUN
emaj-255	126	31	.	.	PUNCT
emaj-255	127	1	this	this	DET
emaj-255	127	2	portent	portent	NOUN
emaj-255	127	3	that	that	SCONJ
emaj-255	127	4	there	there	PRON
emaj-255	127	5	is	be	VERB
emaj-255	127	6	volatility	volatility	NOUN
emaj-255	127	7	spillover	spillover	NOUN
emaj-255	127	8	in	in	ADP
emaj-255	127	9	the	the	DET
emaj-255	127	10	market	market	NOUN
emaj-255	127	11	,	,	PUNCT
emaj-255	127	12	and	and	CCONJ
emaj-255	127	13	therefore	therefore	ADV
emaj-255	127	14	investors	investor	NOUN
emaj-255	127	15	should	should	AUX
emaj-255	127	16	demand	demand	VERB
emaj-255	127	17	a	a	DET
emaj-255	127	18	high	high	ADJ
emaj-255	127	19	reward	reward	NOUN
emaj-255	127	20	for	for	ADP
emaj-255	127	21	taking	take	VERB
emaj-255	127	22	a	a	DET
emaj-255	127	23	high	high	ADJ
emaj-255	127	24	risk	risk	NOUN
emaj-255	127	25	.	.	PUNCT
emaj-255	128	1	a	a	DET
emaj-255	128	2	further	further	ADJ
emaj-255	128	3	look	look	NOUN
emaj-255	128	4	at	at	ADP
emaj-255	128	5	table	table	NOUN
emaj-255	128	6	3	3	NUM
emaj-255	128	7	indicates	indicate	VERB
emaj-255	128	8	that	that	SCONJ
emaj-255	128	9	bank	bank	NOUN
emaj-255	128	10	regulatory	regulatory	ADJ
emaj-255	128	11	liquidity	liquidity	NOUN
emaj-255	128	12	ratio	ratio	NOUN
emaj-255	128	13	(	(	PUNCT
emaj-255	128	14	blr	blr	PROPN
emaj-255	128	15	)	)	PUNCT
emaj-255	128	16	is	be	AUX
emaj-255	128	17	positively	positively	ADV
emaj-255	128	18	related	relate	VERB
emaj-255	128	19	to	to	ADP
emaj-255	128	20	stock	stock	NOUN
emaj-255	128	21	market	market	NOUN
emaj-255	128	22	volatility	volatility	NOUN
emaj-255	128	23	.	.	PUNCT
emaj-255	129	1	the	the	DET
emaj-255	129	2	significance	significance	NOUN
emaj-255	129	3	of	of	ADP
emaj-255	129	4	the	the	DET
emaj-255	129	5	indicator	indicator	NOUN
emaj-255	129	6	at	at	ADP
emaj-255	129	7	the	the	DET
emaj-255	129	8	1	1	NUM
emaj-255	129	9	%	%	NOUN
emaj-255	129	10	level	level	NOUN
emaj-255	129	11	,	,	PUNCT
emaj-255	129	12	implies	imply	VERB
emaj-255	129	13	that	that	SCONJ
emaj-255	129	14	bank	bank	NOUN
emaj-255	129	15	liquidity	liquidity	NOUN
emaj-255	129	16	is	be	AUX
emaj-255	129	17	an	an	DET
emaj-255	129	18	effective	effective	ADJ
emaj-255	129	19	instrument	instrument	NOUN
emaj-255	129	20	affecting	affect	VERB
emaj-255	129	21	stock	stock	NOUN
emaj-255	129	22	market	market	NOUN
emaj-255	129	23	risk	risk	NOUN
emaj-255	129	24	.	.	PUNCT
emaj-255	130	1	this	this	PRON
emaj-255	130	2	is	be	AUX
emaj-255	130	3	because	because	SCONJ
emaj-255	130	4	a	a	DET
emaj-255	130	5	rise	rise	NOUN
emaj-255	130	6	in	in	ADP
emaj-255	130	7	this	this	DET
emaj-255	130	8	regulatory	regulatory	ADJ
emaj-255	130	9	tool	tool	NOUN
emaj-255	130	10	denies	deny	VERB
emaj-255	130	11	investors	investor	NOUN
emaj-255	130	12	access	access	NOUN
emaj-255	130	13	to	to	ADP
emaj-255	130	14	investment	investment	NOUN
emaj-255	130	15	funds	fund	NOUN
emaj-255	130	16	,	,	PUNCT
emaj-255	130	17	thereby	thereby	ADV
emaj-255	130	18	limiting	limit	VERB
emaj-255	130	19	the	the	DET
emaj-255	130	20	inclusion	inclusion	NOUN
emaj-255	130	21	of	of	ADP
emaj-255	130	22	some	some	DET
emaj-255	130	23	financial	financial	ADJ
emaj-255	130	24	assets	asset	NOUN
emaj-255	130	25	into	into	ADP
emaj-255	130	26	their	their	PRON
emaj-255	130	27	portfolios	portfolio	NOUN
emaj-255	130	28	and	and	CCONJ
emaj-255	130	29	depressing	depress	VERB
emaj-255	130	30	the	the	DET
emaj-255	130	31	volume	volume	NOUN
emaj-255	130	32	of	of	ADP
emaj-255	130	33	activities	activity	NOUN
emaj-255	130	34	and	and	CCONJ
emaj-255	130	35	by	by	ADP
emaj-255	130	36	extension	extension	NOUN
emaj-255	130	37	stock	stock	NOUN
emaj-255	130	38	market	market	NOUN
emaj-255	130	39	liquidity	liquidity	NOUN
emaj-255	130	40	.	.	PUNCT
emaj-255	131	1	therefore	therefore	ADV
emaj-255	131	2	,	,	PUNCT
emaj-255	131	3	financial	financial	ADJ
emaj-255	131	4	regulation	regulation	NOUN
emaj-255	131	5	worsens	worsen	VERB
emaj-255	131	6	the	the	DET
emaj-255	131	7	capacity	capacity	NOUN
emaj-255	131	8	of	of	ADP
emaj-255	131	9	the	the	DET
emaj-255	131	10	stock	stock	NOUN
emaj-255	131	11	market	market	NOUN
emaj-255	131	12	to	to	PART
emaj-255	131	13	resist	resist	VERB
emaj-255	131	14	shocks	shock	NOUN
emaj-255	131	15	because	because	SCONJ
emaj-255	131	16	of	of	ADP
emaj-255	131	17	its	its	PRON
emaj-255	131	18	effect	effect	NOUN
emaj-255	131	19	on	on	ADP
emaj-255	131	20	trading	trading	NOUN
emaj-255	131	21	volume	volume	NOUN
emaj-255	131	22	and	and	CCONJ
emaj-255	131	23	liquidity	liquidity	NOUN
emaj-255	131	24	,	,	PUNCT
emaj-255	131	25	hence	hence	ADV
emaj-255	131	26	the	the	DET
emaj-255	131	27	positive	positive	ADJ
emaj-255	131	28	effect	effect	NOUN
emaj-255	131	29	.	.	PUNCT
emaj-255	132	1	indeed	indeed	ADV
emaj-255	132	2	,	,	PUNCT
emaj-255	132	3	hameed	hameed	PROPN
emaj-255	132	4	et	et	PROPN
emaj-255	132	5	.	.	PUNCT
emaj-255	133	1	al	al	PROPN
emaj-255	133	2	.	.	PROPN
emaj-255	134	1	(	(	PUNCT
emaj-255	134	2	2010	2010	NUM
emaj-255	134	3	)	)	PUNCT
emaj-255	134	4	demonstrated	demonstrate	VERB
emaj-255	134	5	that	that	SCONJ
emaj-255	134	6	funds	fund	NOUN
emaj-255	134	7	restrictions	restriction	NOUN
emaj-255	134	8	are	be	AUX
emaj-255	134	9	the	the	DET
emaj-255	134	10	major	major	ADJ
emaj-255	134	11	determinant	determinant	NOUN
emaj-255	134	12	of	of	ADP
emaj-255	134	13	stock	stock	NOUN
emaj-255	134	14	market	market	NOUN
emaj-255	134	15	liquidity	liquidity	NOUN
emaj-255	134	16	.	.	PUNCT
emaj-255	135	1	however	however	ADV
emaj-255	135	2	,	,	PUNCT
emaj-255	135	3	the	the	DET
emaj-255	135	4	capital	capital	NOUN
emaj-255	135	5	adequacy	adequacy	NOUN
emaj-255	135	6	ratio	ratio	NOUN
emaj-255	135	7	(	(	PUNCT
emaj-255	135	8	car	car	NOUN
emaj-255	135	9	)	)	PUNCT
emaj-255	135	10	,	,	PUNCT
emaj-255	135	11	another	another	DET
emaj-255	135	12	micro	micro	ADJ
emaj-255	135	13	regulatory	regulatory	ADJ
emaj-255	135	14	tool	tool	NOUN
emaj-255	135	15	,	,	PUNCT
emaj-255	135	16	negatively	negatively	ADV
emaj-255	135	17	relates	relate	VERB
emaj-255	135	18	to	to	ADP
emaj-255	135	19	stock	stock	NOUN
emaj-255	135	20	market	market	NOUN
emaj-255	135	21	volatility	volatility	NOUN
emaj-255	135	22	.	.	PUNCT
emaj-255	136	1	it	it	PRON
emaj-255	136	2	means	mean	VERB
emaj-255	136	3	that	that	SCONJ
emaj-255	136	4	this	this	DET
emaj-255	136	5	indicator	indicator	NOUN
emaj-255	136	6	can	can	AUX
emaj-255	136	7	curtail	curtail	VERB
emaj-255	136	8	stock	stock	NOUN
emaj-255	136	9	market	market	NOUN
emaj-255	136	10	volatility	volatility	NOUN
emaj-255	136	11	,	,	PUNCT
emaj-255	136	12	as	as	ADP
emaj-255	136	13	a	a	DET
emaj-255	136	14	rise	rise	NOUN
emaj-255	136	15	in	in	ADP
emaj-255	136	16	this	this	DET
emaj-255	136	17	regulatory	regulatory	ADJ
emaj-255	136	18	instrument	instrument	NOUN
emaj-255	136	19	depresses	depress	VERB
emaj-255	136	20	stock	stock	NOUN
emaj-255	136	21	market	market	NOUN
emaj-255	136	22	risk	risk	NOUN
emaj-255	136	23	.	.	PUNCT
emaj-255	137	1	the	the	DET
emaj-255	137	2	insignificance	insignificance	NOUN
emaj-255	137	3	of	of	ADP
emaj-255	137	4	this	this	DET
emaj-255	137	5	regulatory	regulatory	ADJ
emaj-255	137	6	weapon	weapon	NOUN
emaj-255	137	7	in	in	ADP
emaj-255	137	8	this	this	DET
emaj-255	137	9	study	study	NOUN
emaj-255	137	10	may	may	AUX
emaj-255	137	11	be	be	AUX
emaj-255	137	12	due	due	ADJ
emaj-255	137	13	to	to	ADP
emaj-255	137	14	the	the	DET
emaj-255	137	15	undeveloped	undeveloped	ADJ
emaj-255	137	16	nature	nature	NOUN
emaj-255	137	17	of	of	ADP
emaj-255	137	18	the	the	DET
emaj-255	137	19	nigerian	nigerian	ADJ
emaj-255	137	20	financial	financial	ADJ
emaj-255	137	21	system	system	NOUN
emaj-255	137	22	and	and	CCONJ
emaj-255	137	23	the	the	DET
emaj-255	137	24	fact	fact	NOUN
emaj-255	137	25	that	that	SCONJ
emaj-255	137	26	the	the	DET
emaj-255	137	27	current	current	ADJ
emaj-255	137	28	capital	capital	NOUN
emaj-255	137	29	adequacy	adequacy	NOUN
emaj-255	137	30	ratio	ratio	NOUN
emaj-255	137	31	adopted	adopt	VERB
emaj-255	137	32	by	by	ADP
emaj-255	137	33	the	the	DET
emaj-255	137	34	regulatory	regulatory	ADJ
emaj-255	137	35	authority	authority	NOUN
emaj-255	137	36	is	be	AUX
emaj-255	137	37	not	not	PART
emaj-255	137	38	sufficient	sufficient	ADJ
emaj-255	137	39	to	to	PART
emaj-255	137	40	forestall	forestall	VERB
emaj-255	137	41	current	current	ADJ
emaj-255	137	42	market	market	NOUN
emaj-255	137	43	risk	risk	NOUN
emaj-255	137	44	at	at	ADP
emaj-255	137	45	the	the	DET
emaj-255	137	46	moment	moment	NOUN
emaj-255	137	47	.	.	PUNCT
emaj-255	138	1	this	this	PRON
emaj-255	138	2	calls	call	VERB
emaj-255	138	3	for	for	ADP
emaj-255	138	4	review	review	NOUN
emaj-255	138	5	of	of	ADP
emaj-255	138	6	the	the	DET
emaj-255	138	7	current	current	ADJ
emaj-255	138	8	standard	standard	NOUN
emaj-255	138	9	of	of	ADP
emaj-255	138	10	10	10	NUM
emaj-255	138	11	%	%	NOUN
emaj-255	138	12	for	for	ADP
emaj-255	138	13	national	national	ADJ
emaj-255	138	14	banks	bank	NOUN
emaj-255	138	15	and	and	CCONJ
emaj-255	138	16	15	15	NUM
emaj-255	138	17	%	%	NOUN
emaj-255	138	18	for	for	ADP
emaj-255	138	19	global	global	ADJ
emaj-255	138	20	banks	bank	NOUN
emaj-255	138	21	if	if	SCONJ
emaj-255	138	22	the	the	DET
emaj-255	138	23	unpredictable	unpredictable	ADJ
emaj-255	138	24	fluctuations	fluctuation	NOUN
emaj-255	138	25	in	in	ADP
emaj-255	138	26	market	market	NOUN
emaj-255	138	27	price	price	NOUN
emaj-255	138	28	are	be	AUX
emaj-255	138	29	to	to	PART
emaj-255	138	30	be	be	AUX
emaj-255	138	31	abated	abate	VERB
emaj-255	138	32	.	.	PUNCT
emaj-255	139	1	also	also	ADV
emaj-255	139	2	,	,	PUNCT
emaj-255	139	3	table	table	NOUN
emaj-255	139	4	3	3	NUM
emaj-255	139	5	shows	show	VERB
emaj-255	139	6	that	that	SCONJ
emaj-255	139	7	the	the	DET
emaj-255	139	8	monetary	monetary	ADJ
emaj-255	139	9	policy	policy	NOUN
emaj-255	139	10	rate	rate	NOUN
emaj-255	139	11	(	(	PUNCT
emaj-255	139	12	a	a	DET
emaj-255	139	13	benchmark	benchmark	NOUN
emaj-255	139	14	for	for	ADP
emaj-255	139	15	the	the	DET
emaj-255	139	16	interest	interest	NOUN
emaj-255	139	17	rate	rate	NOUN
emaj-255	139	18	in	in	ADP
emaj-255	139	19	nigeria	nigeria	PROPN
emaj-255	139	20	)	)	PUNCT
emaj-255	139	21	can	can	AUX
emaj-255	139	22	be	be	AUX
emaj-255	139	23	deployed	deploy	VERB
emaj-255	139	24	to	to	PART
emaj-255	139	25	address	address	VERB
emaj-255	139	26	stock	stock	NOUN
emaj-255	139	27	market	market	NOUN
emaj-255	139	28	volatility	volatility	NOUN
emaj-255	139	29	.	.	PUNCT
emaj-255	140	1	the	the	DET
emaj-255	140	2	monetary	monetary	ADJ
emaj-255	140	3	policy	policy	NOUN
emaj-255	140	4	rate	rate	NOUN
emaj-255	140	5	(	(	PUNCT
emaj-255	140	6	mpr	mpr	NOUN
emaj-255	140	7	)	)	PUNCT
emaj-255	140	8	is	be	AUX
emaj-255	140	9	employed	employ	VERB
emaj-255	140	10	by	by	ADP
emaj-255	140	11	the	the	DET
emaj-255	140	12	central	central	ADJ
emaj-255	140	13	bank	bank	NOUN
emaj-255	140	14	to	to	PART
emaj-255	140	15	regulate	regulate	VERB
emaj-255	140	16	the	the	DET
emaj-255	140	17	quantity	quantity	NOUN
emaj-255	140	18	of	of	ADP
emaj-255	140	19	money	money	NOUN
emaj-255	140	20	in	in	ADP
emaj-255	140	21	circulation	circulation	NOUN
emaj-255	140	22	.	.	PUNCT
emaj-255	141	1	the	the	DET
emaj-255	141	2	significance	significance	NOUN
emaj-255	141	3	of	of	ADP
emaj-255	141	4	mpr	mpr	NOUN
emaj-255	141	5	at	at	ADP
emaj-255	141	6	the	the	DET
emaj-255	141	7	5	5	NUM
emaj-255	141	8	%	%	NOUN
emaj-255	141	9	level	level	NOUN
emaj-255	141	10	,	,	PUNCT
emaj-255	141	11	implies	imply	VERB
emaj-255	141	12	that	that	SCONJ
emaj-255	141	13	it	it	PRON
emaj-255	141	14	has	have	VERB
emaj-255	141	15	the	the	DET
emaj-255	141	16	potential	potential	NOUN
emaj-255	141	17	to	to	PART
emaj-255	141	18	influence	influence	VERB
emaj-255	141	19	stock	stock	NOUN
emaj-255	141	20	market	market	NOUN
emaj-255	141	21	risk	risk	NOUN
emaj-255	141	22	.	.	PUNCT
emaj-255	142	1	the	the	DET
emaj-255	142	2	positive	positive	ADJ
emaj-255	142	3	impact	impact	NOUN
emaj-255	142	4	of	of	ADP
emaj-255	142	5	this	this	DET
emaj-255	142	6	indicator	indicator	NOUN
emaj-255	142	7	on	on	ADP
emaj-255	142	8	volatility	volatility	NOUN
emaj-255	142	9	may	may	AUX
emaj-255	142	10	be	be	AUX
emaj-255	142	11	due	due	ADJ
emaj-255	142	12	to	to	ADP
emaj-255	142	13	its	its	PRON
emaj-255	142	14	high	high	ADJ
emaj-255	142	15	rate	rate	NOUN
emaj-255	142	16	presently	presently	ADV
emaj-255	142	17	.	.	PUNCT
emaj-255	143	1	high	high	ADJ
emaj-255	143	2	-	-	PUNCT
emaj-255	143	3	interest	interest	NOUN
emaj-255	143	4	rate	rate	NOUN
emaj-255	143	5	discourages	discourage	VERB
emaj-255	143	6	investment	investment	NOUN
emaj-255	143	7	,	,	PUNCT
emaj-255	143	8	especially	especially	ADV
emaj-255	143	9	trading	trading	NOUN
emaj-255	143	10	activities	activity	NOUN
emaj-255	143	11	at	at	ADP
emaj-255	143	12	the	the	DET
emaj-255	143	13	exchange	exchange	NOUN
emaj-255	143	14	,	,	PUNCT
emaj-255	143	15	thus	thus	ADV
emaj-255	143	16	worsening	worsen	VERB
emaj-255	143	17	stock	stock	NOUN
emaj-255	143	18	market	market	NOUN
emaj-255	143	19	liquidity	liquidity	NOUN
emaj-255	143	20	and	and	CCONJ
emaj-255	143	21	the	the	DET
emaj-255	143	22	capacity	capacity	NOUN
emaj-255	143	23	of	of	ADP
emaj-255	143	24	the	the	DET
emaj-255	143	25	market	market	NOUN
emaj-255	143	26	to	to	PART
emaj-255	143	27	withstand	withstand	VERB
emaj-255	143	28	shock	shock	NOUN
emaj-255	143	29	,	,	PUNCT
emaj-255	143	30	hence	hence	ADV
emaj-255	143	31	the	the	DET
emaj-255	143	32	positive	positive	ADJ
emaj-255	143	33	effect	effect	NOUN
emaj-255	143	34	.	.	PUNCT
emaj-255	144	1	indeed	indeed	ADV
emaj-255	144	2	,	,	PUNCT
emaj-255	144	3	regulations	regulation	NOUN
emaj-255	144	4	constitute	constitute	VERB
emaj-255	144	5	frictions	friction	NOUN
emaj-255	144	6	that	that	PRON
emaj-255	144	7	distort	distort	VERB
emaj-255	144	8	buying	buy	VERB
emaj-255	144	9	and	and	CCONJ
emaj-255	144	10	selling	selling	NOUN
emaj-255	144	11	at	at	ADP
emaj-255	144	12	the	the	DET
emaj-255	144	13	exchange	exchange	NOUN
emaj-255	144	14	(	(	PUNCT
emaj-255	144	15	olbrys	olbrys	PROPN
emaj-255	144	16	&	&	CCONJ
emaj-255	144	17	majewska	majewska	PROPN
emaj-255	144	18	,	,	PUNCT
emaj-255	144	19	2014	2014	NUM
emaj-255	144	20	)	)	PUNCT
emaj-255	144	21	.	.	PUNCT
emaj-255	145	1	this	this	DET
emaj-255	145	2	finding	finding	NOUN
emaj-255	145	3	tends	tend	VERB
emaj-255	145	4	to	to	PART
emaj-255	145	5	support	support	VERB
emaj-255	145	6	zare	zare	PROPN
emaj-255	145	7	et	et	PROPN
emaj-255	145	8	al	al	PROPN
emaj-255	145	9	(	(	PUNCT
emaj-255	145	10	2013	2013	NUM
emaj-255	145	11	)	)	PUNCT
emaj-255	145	12	that	that	SCONJ
emaj-255	145	13	monetary	monetary	ADJ
emaj-255	145	14	policy	policy	NOUN
emaj-255	145	15	(	(	PUNCT
emaj-255	145	16	interest	interest	NOUN
emaj-255	145	17	rate	rate	NOUN
emaj-255	145	18	in	in	ADP
emaj-255	145	19	their	their	PRON
emaj-255	145	20	study	study	NOUN
emaj-255	145	21	)	)	PUNCT
emaj-255	145	22	influences	influence	VERB
emaj-255	145	23	stock	stock	NOUN
emaj-255	145	24	market	market	NOUN
emaj-255	145	25	volatility	volatility	NOUN
emaj-255	145	26	;	;	PUNCT
emaj-255	145	27	as	as	ADV
emaj-255	145	28	well	well	ADV
emaj-255	145	29	as	as	ADP
emaj-255	145	30	tchereni	tchereni	NOUN
emaj-255	145	31	and	and	CCONJ
emaj-255	145	32	mpini	mpini	ADJ
emaj-255	145	33	(	(	PUNCT
emaj-255	145	34	2020	2020	NUM
emaj-255	145	35	)	)	PUNCT
emaj-255	145	36	who	who	PRON
emaj-255	145	37	reveal	reveal	VERB
emaj-255	145	38	that	that	SCONJ
emaj-255	145	39	repo	repo	ADP
emaj-255	145	40	rate	rate	NOUN
emaj-255	145	41	(	(	PUNCT
emaj-255	145	42	the	the	DET
emaj-255	145	43	equivalent	equivalent	NOUN
emaj-255	145	44	of	of	ADP
emaj-255	145	45	the	the	DET
emaj-255	145	46	monetary	monetary	ADJ
emaj-255	145	47	policy	policy	NOUN
emaj-255	145	48	rate	rate	NOUN
emaj-255	145	49	in	in	ADP
emaj-255	145	50	nigeria	nigeria	PROPN
emaj-255	145	51	)	)	PUNCT
emaj-255	145	52	has	have	VERB
emaj-255	145	53	a	a	DET
emaj-255	145	54	positive	positive	ADJ
emaj-255	145	55	impact	impact	NOUN
emaj-255	145	56	on	on	ADP
emaj-255	145	57	volatility	volatility	NOUN
emaj-255	145	58	.	.	PUNCT
emaj-255	146	1	finally	finally	ADV
emaj-255	146	2	,	,	PUNCT
emaj-255	146	3	the	the	DET
emaj-255	146	4	prescribed	prescribed	ADJ
emaj-255	146	5	cash	cash	NOUN
emaj-255	146	6	reserve	reserve	NOUN
emaj-255	146	7	ratio	ratio	NOUN
emaj-255	146	8	(	(	PUNCT
emaj-255	146	9	pcr	pcr	PROPN
emaj-255	146	10	)	)	PUNCT
emaj-255	146	11	,	,	PUNCT
emaj-255	146	12	another	another	DET
emaj-255	146	13	aggregate	aggregate	ADJ
emaj-255	146	14	(	(	PUNCT
emaj-255	146	15	macro	macro	NOUN
emaj-255	146	16	)	)	PUNCT
emaj-255	146	17	regulatory	regulatory	ADJ
emaj-255	146	18	weapon	weapon	NOUN
emaj-255	146	19	,	,	PUNCT
emaj-255	146	20	is	be	AUX
emaj-255	146	21	negatively	negatively	ADV
emaj-255	146	22	and	and	CCONJ
emaj-255	146	23	significantly	significantly	ADV
emaj-255	146	24	related	relate	VERB
emaj-255	146	25	to	to	ADP
emaj-255	146	26	stock	stock	NOUN
emaj-255	146	27	market	market	NOUN
emaj-255	146	28	risk	risk	NOUN
emaj-255	146	29	(	(	PUNCT
emaj-255	146	30	volatility	volatility	NOUN
emaj-255	146	31	)	)	PUNCT
emaj-255	146	32	.	.	PUNCT
emaj-255	147	1	the	the	DET
emaj-255	147	2	result	result	NOUN
emaj-255	147	3	implies	imply	VERB
emaj-255	147	4	that	that	SCONJ
emaj-255	147	5	a	a	DET
emaj-255	147	6	rise	rise	NOUN
emaj-255	147	7	in	in	ADP
emaj-255	147	8	the	the	DET
emaj-255	147	9	cash	cash	NOUN
emaj-255	147	10	reserve	reserve	NOUN
emaj-255	147	11	ratio	ratio	NOUN
emaj-255	147	12	will	will	AUX
emaj-255	147	13	depress	depress	VERB
emaj-255	147	14	stock	stock	NOUN
emaj-255	147	15	market	market	NOUN
emaj-255	147	16	volatility	volatility	NOUN
emaj-255	147	17	to	to	ADP
emaj-255	147	18	the	the	DET
emaj-255	147	19	tune	tune	NOUN
emaj-255	147	20	of	of	ADP
emaj-255	147	21	36.85	36.85	NUM
emaj-255	147	22	%	%	NOUN
emaj-255	147	23	.	.	PUNCT
emaj-255	148	1	surely	surely	ADV
emaj-255	148	2	,	,	PUNCT
emaj-255	148	3	an	an	DET
emaj-255	148	4	increase	increase	NOUN
emaj-255	148	5	in	in	ADP
emaj-255	148	6	cash	cash	NOUN
emaj-255	148	7	reserve	reserve	NOUN
emaj-255	148	8	reduces	reduce	VERB
emaj-255	148	9	the	the	DET
emaj-255	148	10	ability	ability	NOUN
emaj-255	148	11	of	of	ADP
emaj-255	148	12	banks	bank	NOUN
emaj-255	148	13	to	to	PART
emaj-255	148	14	create	create	VERB
emaj-255	148	15	credits	credit	NOUN
emaj-255	148	16	,	,	PUNCT
emaj-255	148	17	thus	thus	ADV
emaj-255	148	18	restricting	restrict	VERB
emaj-255	148	19	access	access	NOUN
emaj-255	148	20	to	to	ADP
emaj-255	148	21	funds	fund	NOUN
emaj-255	148	22	for	for	ADP
emaj-255	148	23	trading	trading	NOUN
emaj-255	148	24	,	,	PUNCT
emaj-255	148	25	thereby	thereby	ADV
emaj-255	148	26	volume	volume	VERB
emaj-255	148	27	12	12	NUM
emaj-255	148	28	no	no	DET
emaj-255	148	29	1	1	NUM
emaj-255	148	30	(	(	PUNCT
emaj-255	148	31	2022	2022	NUM
emaj-255	148	32	)	)	PUNCT
emaj-255	148	33	|	|	ADV
emaj-255	148	34	issn	issn	VERB
emaj-255	148	35	2158	2158	NUM
emaj-255	148	36	-	-	SYM
emaj-255	148	37	8708	8708	NUM
emaj-255	148	38	(	(	PUNCT
emaj-255	148	39	online	online	NOUN
emaj-255	148	40	)	)	PUNCT
emaj-255	148	41	|	|	ADV
emaj-255	148	42	doi	doi	X
emaj-255	148	43	10.5195	10.5195	NUM
emaj-255	148	44	/	/	SYM
emaj-255	148	45	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	149	1	|	|	ADV
emaj-255	149	2	http://emaj.pitt.edu	http://emaj.pitt.edu	PROPN
emaj-255	149	3	monday	monday	PROPN
emaj-255	149	4	uhunmwangho	uhunmwangho	ADJ
emaj-255	149	5	emerging	emerge	VERB
emaj-255	149	6	markets	market	NOUN
emaj-255	149	7	journal	journal	NOUN
emaj-255	149	8	|	|	ADV
emaj-255	149	9	p	p	NOUN
emaj-255	149	10	a	a	DET
emaj-255	149	11	g	g	NOUN
emaj-255	149	12	e	e	NOUN
emaj-255	149	13	|99	|99	NOUN
emaj-255	149	14	discouraging	discourage	VERB
emaj-255	149	15	the	the	DET
emaj-255	149	16	level	level	NOUN
emaj-255	149	17	of	of	ADP
emaj-255	149	18	activities	activity	NOUN
emaj-255	149	19	at	at	ADP
emaj-255	149	20	the	the	DET
emaj-255	149	21	exchange	exchange	NOUN
emaj-255	149	22	and	and	CCONJ
emaj-255	149	23	depressing	depressing	ADJ
emaj-255	149	24	volatility	volatility	NOUN
emaj-255	149	25	.	.	PUNCT
emaj-255	150	1	this	this	DET
emaj-255	150	2	result	result	NOUN
emaj-255	150	3	tends	tend	VERB
emaj-255	150	4	to	to	PART
emaj-255	150	5	agree	agree	VERB
emaj-255	150	6	with	with	ADP
emaj-255	150	7	wang	wang	PROPN
emaj-255	150	8	et	et	PROPN
emaj-255	150	9	al	al	PROPN
emaj-255	150	10	(	(	PUNCT
emaj-255	150	11	2017	2017	NUM
emaj-255	150	12	)	)	PUNCT
emaj-255	150	13	who	who	PRON
emaj-255	150	14	revealed	reveal	VERB
emaj-255	150	15	that	that	SCONJ
emaj-255	150	16	the	the	DET
emaj-255	150	17	deposit	deposit	NOUN
emaj-255	150	18	reserve	reserve	NOUN
emaj-255	150	19	ratio	ratio	NOUN
emaj-255	150	20	influences	influence	VERB
emaj-255	150	21	stock	stock	NOUN
emaj-255	150	22	market	market	NOUN
emaj-255	150	23	volatility	volatility	NOUN
emaj-255	150	24	.	.	PUNCT
emaj-255	151	1	generally	generally	ADV
emaj-255	151	2	,	,	PUNCT
emaj-255	151	3	this	this	DET
emaj-255	151	4	study	study	NOUN
emaj-255	151	5	reveals	reveal	VERB
emaj-255	151	6	that	that	SCONJ
emaj-255	151	7	both	both	CCONJ
emaj-255	151	8	micro	micro	ADJ
emaj-255	151	9	and	and	CCONJ
emaj-255	151	10	macro	macro	ADJ
emaj-255	151	11	regulatory	regulatory	ADJ
emaj-255	151	12	tools	tool	NOUN
emaj-255	151	13	have	have	VERB
emaj-255	151	14	a	a	DET
emaj-255	151	15	significant	significant	ADJ
emaj-255	151	16	influence	influence	NOUN
emaj-255	151	17	on	on	ADP
emaj-255	151	18	stock	stock	NOUN
emaj-255	151	19	market	market	NOUN
emaj-255	151	20	risk	risk	NOUN
emaj-255	151	21	(	(	PUNCT
emaj-255	151	22	volatility	volatility	NOUN
emaj-255	151	23	)	)	PUNCT
emaj-255	151	24	in	in	ADP
emaj-255	151	25	nigeria	nigeria	PROPN
emaj-255	151	26	.	.	PUNCT
emaj-255	152	1	indeed	indeed	ADV
emaj-255	152	2	,	,	PUNCT
emaj-255	152	3	bank	bank	NOUN
emaj-255	152	4	liquidity	liquidity	NOUN
emaj-255	152	5	ratio	ratio	NOUN
emaj-255	152	6	and	and	CCONJ
emaj-255	152	7	monetary	monetary	ADJ
emaj-255	152	8	policy	policy	NOUN
emaj-255	152	9	rate	rate	NOUN
emaj-255	152	10	as	as	ADP
emaj-255	152	11	regulatory	regulatory	ADJ
emaj-255	152	12	tools	tool	NOUN
emaj-255	152	13	have	have	VERB
emaj-255	152	14	positive	positive	ADJ
emaj-255	152	15	and	and	CCONJ
emaj-255	152	16	significant	significant	ADJ
emaj-255	152	17	effects	effect	NOUN
emaj-255	152	18	.	.	PUNCT
emaj-255	153	1	however	however	ADV
emaj-255	153	2	,	,	PUNCT
emaj-255	153	3	cash	cash	NOUN
emaj-255	153	4	reserve	reserve	NOUN
emaj-255	153	5	ratio	ratio	NOUN
emaj-255	153	6	regulatory	regulatory	ADJ
emaj-255	153	7	instrument	instrument	NOUN
emaj-255	153	8	has	have	VERB
emaj-255	153	9	a	a	DET
emaj-255	153	10	negative	negative	ADJ
emaj-255	153	11	and	and	CCONJ
emaj-255	153	12	significant	significant	ADJ
emaj-255	153	13	impact	impact	NOUN
emaj-255	153	14	on	on	ADP
emaj-255	153	15	volatility	volatility	NOUN
emaj-255	153	16	.	.	PUNCT
emaj-255	154	1	table	table	NOUN
emaj-255	154	2	4	4	NUM
emaj-255	154	3	:	:	PUNCT
emaj-255	154	4	arellano	arellano	PROPN
emaj-255	154	5	-	-	PUNCT
emaj-255	154	6	bond	bond	NOUN
emaj-255	154	7	test	test	NOUN
emaj-255	154	8	for	for	ADP
emaj-255	154	9	serial	serial	ADJ
emaj-255	154	10	correlation	correlation	NOUN
emaj-255	154	11	in	in	ADP
emaj-255	154	12	regression	regression	NOUN
emaj-255	154	13	output	output	NOUN
emaj-255	154	14	test	test	NOUN
emaj-255	154	15	order	order	NOUN
emaj-255	154	16	mstatistic	mstatistic	ADJ
emaj-255	154	17	rho	rho	ADJ
emaj-255	154	18	se(rho	se(rho	ADJ
emaj-255	154	19	)	)	PUNCT
emaj-255	154	20	probabil	probabil	PROPN
emaj-255	154	21	ity	ity	PROPN
emaj-255	154	22	ar(1	ar(1	PROPN
emaj-255	154	23	)	)	PUNCT
emaj-255	154	24	-1.1389	-1.1389	NOUN
emaj-255	154	25	-657.7494	-657.7494	NOUN
emaj-255	155	1	577.5147	577.5147	NUM
emaj-255	155	2	0.2547	0.2547	NUM
emaj-255	155	3	*	*	PUNCT
emaj-255	155	4	ar(2	ar(2	PROPN
emaj-255	155	5	)	)	PUNCT
emaj-255	155	6	-1.6068	-1.6068	VERB
emaj-255	155	7	-1585.6946	-1585.6946	PROPN
emaj-255	156	1	986.8663	986.8663	NUM
emaj-255	156	2	0.1581	0.1581	NUM
emaj-255	156	3	*	*	PUNCT
emaj-255	157	1	*	*	PUNCT
emaj-255	157	2	=	=	PUNCT
emaj-255	157	3	not	not	PART
emaj-255	157	4	significant	significant	ADJ
emaj-255	157	5	at	at	ADP
emaj-255	157	6	5	5	NUM
emaj-255	157	7	%	%	NOUN
emaj-255	157	8	level	level	NOUN
emaj-255	157	9	source	source	NOUN
emaj-255	157	10	:	:	PUNCT
emaj-255	157	11	e	e	NOUN
emaj-255	157	12	-	-	NOUN
emaj-255	157	13	views	view	VERB
emaj-255	157	14	9.0	9.0	NUM
emaj-255	157	15	software	software	NOUN
emaj-255	157	16	output	output	NOUN
emaj-255	157	17	vi	vi	PROPN
emaj-255	157	18	.	.	PROPN
emaj-255	157	19	conclusion	conclusion	NOUN
emaj-255	157	20	the	the	DET
emaj-255	157	21	aim	aim	NOUN
emaj-255	157	22	of	of	ADP
emaj-255	157	23	this	this	DET
emaj-255	157	24	study	study	NOUN
emaj-255	157	25	was	be	AUX
emaj-255	157	26	to	to	PART
emaj-255	157	27	investigate	investigate	VERB
emaj-255	157	28	the	the	DET
emaj-255	157	29	effect	effect	NOUN
emaj-255	157	30	of	of	ADP
emaj-255	157	31	regulations	regulation	NOUN
emaj-255	157	32	on	on	ADP
emaj-255	157	33	stock	stock	NOUN
emaj-255	157	34	market	market	NOUN
emaj-255	157	35	risk	risk	NOUN
emaj-255	157	36	in	in	ADP
emaj-255	157	37	nigeria	nigeria	PROPN
emaj-255	157	38	.	.	PUNCT
emaj-255	158	1	specifically	specifically	ADV
emaj-255	158	2	,	,	PUNCT
emaj-255	158	3	it	it	PRON
emaj-255	158	4	examined	examine	VERB
emaj-255	158	5	whether	whether	SCONJ
emaj-255	158	6	volatility	volatility	NOUN
emaj-255	158	7	existed	exist	VERB
emaj-255	158	8	in	in	ADP
emaj-255	158	9	the	the	DET
emaj-255	158	10	nigerian	nigerian	ADJ
emaj-255	158	11	stock	stock	NOUN
emaj-255	158	12	market	market	NOUN
emaj-255	158	13	post	post	ADJ
emaj-255	158	14	-	-	ADJ
emaj-255	158	15	finance	finance	ADJ
emaj-255	158	16	crisis	crisis	NOUN
emaj-255	158	17	(	(	PUNCT
emaj-255	158	18	2010	2010	NUM
emaj-255	158	19	and	and	CCONJ
emaj-255	158	20	2020	2020	NUM
emaj-255	158	21	)	)	PUNCT
emaj-255	158	22	and	and	CCONJ
emaj-255	158	23	whether	whether	SCONJ
emaj-255	158	24	financial	financial	ADJ
emaj-255	158	25	regulations	regulation	NOUN
emaj-255	158	26	were	be	AUX
emaj-255	158	27	mitigating	mitigate	VERB
emaj-255	158	28	factors	factor	NOUN
emaj-255	158	29	.	.	PUNCT
emaj-255	159	1	the	the	DET
emaj-255	159	2	first	first	ADJ
emaj-255	159	3	difference	difference	NOUN
emaj-255	159	4	generalized	generalize	VERB
emaj-255	159	5	method	method	NOUN
emaj-255	159	6	of	of	ADP
emaj-255	159	7	moments	moment	NOUN
emaj-255	159	8	(	(	PUNCT
emaj-255	159	9	dgmm	dgmm	NOUN
emaj-255	159	10	)	)	PUNCT
emaj-255	159	11	and	and	CCONJ
emaj-255	159	12	the	the	DET
emaj-255	159	13	dynamic	dynamic	ADJ
emaj-255	159	14	model	model	NOUN
emaj-255	159	15	were	be	AUX
emaj-255	159	16	engaged	engage	VERB
emaj-255	159	17	in	in	ADP
emaj-255	159	18	the	the	DET
emaj-255	159	19	investigation	investigation	NOUN
emaj-255	159	20	.	.	PUNCT
emaj-255	160	1	the	the	DET
emaj-255	160	2	e	e	NOUN
emaj-255	160	3	-	-	NOUN
emaj-255	160	4	views	views	ADJ
emaj-255	160	5	9.0	9.0	NUM
emaj-255	160	6	software	software	NOUN
emaj-255	160	7	was	be	AUX
emaj-255	160	8	employed	employ	VERB
emaj-255	160	9	for	for	ADP
emaj-255	160	10	the	the	DET
emaj-255	160	11	analysis	analysis	NOUN
emaj-255	160	12	.	.	PUNCT
emaj-255	161	1	thirteen	thirteen	NUM
emaj-255	161	2	banks	bank	NOUN
emaj-255	161	3	listed	list	VERB
emaj-255	161	4	in	in	ADP
emaj-255	161	5	the	the	DET
emaj-255	161	6	nigerian	nigerian	ADJ
emaj-255	161	7	exchange	exchange	NOUN
emaj-255	161	8	limited	limit	VERB
emaj-255	161	9	for	for	ADP
emaj-255	161	10	the	the	DET
emaj-255	161	11	period	period	NOUN
emaj-255	161	12	of	of	ADP
emaj-255	161	13	2010	2010	NUM
emaj-255	161	14	-	-	SYM
emaj-255	161	15	2020	2020	NUM
emaj-255	161	16	were	be	AUX
emaj-255	161	17	investigated	investigate	VERB
emaj-255	161	18	.	.	PUNCT
emaj-255	162	1	data	datum	NOUN
emaj-255	162	2	for	for	ADP
emaj-255	162	3	this	this	DET
emaj-255	162	4	study	study	NOUN
emaj-255	162	5	were	be	AUX
emaj-255	162	6	collected	collect	VERB
emaj-255	162	7	from	from	ADP
emaj-255	162	8	the	the	DET
emaj-255	162	9	bank	bank	NOUN
emaj-255	162	10	's	's	PART
emaj-255	162	11	annual	annual	ADJ
emaj-255	162	12	reports	report	NOUN
emaj-255	162	13	,	,	PUNCT
emaj-255	162	14	the	the	DET
emaj-255	162	15	stock	stock	NOUN
emaj-255	162	16	exchange	exchange	NOUN
emaj-255	162	17	's	's	PART
emaj-255	162	18	official	official	ADJ
emaj-255	162	19	daily	daily	ADJ
emaj-255	162	20	prices	price	NOUN
emaj-255	162	21	list	list	VERB
emaj-255	162	22	as	as	ADV
emaj-255	162	23	well	well	ADV
emaj-255	162	24	as	as	ADP
emaj-255	162	25	the	the	DET
emaj-255	162	26	central	central	ADJ
emaj-255	162	27	bank	bank	PROPN
emaj-255	162	28	of	of	ADP
emaj-255	162	29	nigeria	nigeria	PROPN
emaj-255	162	30	statistical	statistical	ADJ
emaj-255	162	31	bulletin	bulletin	NOUN
emaj-255	162	32	various	various	ADJ
emaj-255	162	33	issues	issue	NOUN
emaj-255	162	34	.	.	PUNCT
emaj-255	163	1	the	the	DET
emaj-255	163	2	results	result	NOUN
emaj-255	163	3	of	of	ADP
emaj-255	163	4	this	this	DET
emaj-255	163	5	study	study	NOUN
emaj-255	163	6	showed	show	VERB
emaj-255	163	7	that	that	SCONJ
emaj-255	163	8	the	the	DET
emaj-255	163	9	regulatory	regulatory	ADJ
emaj-255	163	10	liquidity	liquidity	NOUN
emaj-255	163	11	ratio	ratio	NOUN
emaj-255	163	12	for	for	ADP
emaj-255	163	13	banks	bank	NOUN
emaj-255	163	14	and	and	CCONJ
emaj-255	163	15	monetary	monetary	ADJ
emaj-255	163	16	policy	policy	NOUN
emaj-255	163	17	rate	rate	NOUN
emaj-255	163	18	positively	positively	ADV
emaj-255	163	19	and	and	CCONJ
emaj-255	163	20	significantly	significantly	ADV
emaj-255	163	21	impact	impact	VERB
emaj-255	163	22	stock	stock	NOUN
emaj-255	163	23	market	market	NOUN
emaj-255	163	24	risk	risk	NOUN
emaj-255	163	25	(	(	PUNCT
emaj-255	163	26	volatility	volatility	NOUN
emaj-255	163	27	)	)	PUNCT
emaj-255	163	28	,	,	PUNCT
emaj-255	163	29	while	while	SCONJ
emaj-255	163	30	the	the	DET
emaj-255	163	31	prescribed	prescribed	ADJ
emaj-255	163	32	cash	cash	NOUN
emaj-255	163	33	reserve	reserve	NOUN
emaj-255	163	34	ratio	ratio	NOUN
emaj-255	163	35	has	have	VERB
emaj-255	163	36	negative	negative	ADJ
emaj-255	163	37	and	and	CCONJ
emaj-255	163	38	significant	significant	ADJ
emaj-255	163	39	effects	effect	NOUN
emaj-255	163	40	on	on	ADP
emaj-255	163	41	market	market	NOUN
emaj-255	163	42	risk	risk	NOUN
emaj-255	163	43	.	.	PUNCT
emaj-255	164	1	the	the	DET
emaj-255	164	2	impact	impact	NOUN
emaj-255	164	3	of	of	ADP
emaj-255	164	4	the	the	DET
emaj-255	164	5	regulatory	regulatory	ADJ
emaj-255	164	6	capital	capital	NOUN
emaj-255	164	7	adequacy	adequacy	NOUN
emaj-255	164	8	ratio	ratio	NOUN
emaj-255	164	9	on	on	ADP
emaj-255	164	10	market	market	NOUN
emaj-255	164	11	risk	risk	NOUN
emaj-255	164	12	is	be	AUX
emaj-255	164	13	positive	positive	ADJ
emaj-255	164	14	,	,	PUNCT
emaj-255	164	15	but	but	CCONJ
emaj-255	164	16	not	not	PART
emaj-255	164	17	significant	significant	ADJ
emaj-255	164	18	.	.	PUNCT
emaj-255	165	1	thus	thus	ADV
emaj-255	165	2	,	,	PUNCT
emaj-255	165	3	this	this	DET
emaj-255	165	4	study	study	NOUN
emaj-255	165	5	concludes	conclude	VERB
emaj-255	165	6	that	that	SCONJ
emaj-255	165	7	(	(	PUNCT
emaj-255	165	8	i	i	NOUN
emaj-255	165	9	)	)	PUNCT
emaj-255	165	10	stock	stock	NOUN
emaj-255	165	11	market	market	NOUN
emaj-255	165	12	volatility	volatility	NOUN
emaj-255	165	13	persists	persist	VERB
emaj-255	165	14	after	after	SCONJ
emaj-255	165	15	the	the	DET
emaj-255	165	16	global	global	ADJ
emaj-255	165	17	financial	financial	ADJ
emaj-255	165	18	crisis	crisis	NOUN
emaj-255	165	19	in	in	ADP
emaj-255	165	20	nigeria	nigeria	PROPN
emaj-255	165	21	(	(	PUNCT
emaj-255	165	22	ii	ii	PROPN
emaj-255	165	23	)	)	PUNCT
emaj-255	165	24	liquidity	liquidity	NOUN
emaj-255	165	25	ratio	ratio	NOUN
emaj-255	165	26	,	,	PUNCT
emaj-255	165	27	monetary	monetary	ADJ
emaj-255	165	28	policy	policy	NOUN
emaj-255	165	29	rate	rate	NOUN
emaj-255	165	30	,	,	PUNCT
emaj-255	165	31	and	and	CCONJ
emaj-255	165	32	cash	cash	NOUN
emaj-255	165	33	reserve	reserve	NOUN
emaj-255	165	34	ratio	ratio	NOUN
emaj-255	165	35	are	be	AUX
emaj-255	165	36	potential	potential	ADJ
emaj-255	165	37	regulatory	regulatory	ADJ
emaj-255	165	38	instruments	instrument	NOUN
emaj-255	165	39	to	to	PART
emaj-255	165	40	influence	influence	VERB
emaj-255	165	41	stock	stock	NOUN
emaj-255	165	42	market	market	NOUN
emaj-255	165	43	risk	risk	NOUN
emaj-255	165	44	(	(	PUNCT
emaj-255	165	45	volatility	volatility	NOUN
emaj-255	165	46	)	)	PUNCT
emaj-255	165	47	.	.	PUNCT
emaj-255	166	1	references	reference	NOUN
emaj-255	166	2	ajefu	ajefu	PROPN
emaj-255	166	3	,	,	PUNCT
emaj-255	166	4	j.	j.	PROPN
emaj-255	166	5	b.	b.	PROPN
emaj-255	166	6	&	&	CCONJ
emaj-255	166	7	barde	barde	PROPN
emaj-255	166	8	,	,	PUNCT
emaj-255	166	9	f.	f.	PROPN
emaj-255	166	10	(	(	PUNCT
emaj-255	166	11	2015	2015	NUM
emaj-255	166	12	)	)	PUNCT
emaj-255	166	13	.	.	PUNCT
emaj-255	167	1	market	market	NOUN
emaj-255	167	2	efficient	efficient	ADJ
emaj-255	167	3	and	and	CCONJ
emaj-255	167	4	government	government	NOUN
emaj-255	167	5	intervention	intervention	NOUN
emaj-255	167	6	revisited	revisit	VERB
emaj-255	167	7	:	:	PUNCT
emaj-255	167	8	what	what	PRON
emaj-255	167	9	do	do	AUX
emaj-255	167	10	recent	recent	ADJ
emaj-255	167	11	event	event	NOUN
emaj-255	167	12	tell	tell	VERB
emaj-255	167	13	us	we	PRON
emaj-255	167	14	?	?	PUNCT
emaj-255	168	1	journal	journal	PROPN
emaj-255	168	2	of	of	ADP
emaj-255	168	3	international	international	ADJ
emaj-255	168	4	business	business	NOUN
emaj-255	168	5	and	and	CCONJ
emaj-255	168	6	economics	economic	NOUN
emaj-255	168	7	,	,	PUNCT
emaj-255	168	8	3(1	3(1	NUM
emaj-255	168	9	)	)	PUNCT
emaj-255	168	10	,	,	PUNCT
emaj-255	168	11	20	20	NUM
emaj-255	168	12	-	-	SYM
emaj-255	168	13	23	23	NUM
emaj-255	168	14	.	.	PUNCT
emaj-255	169	1	arellano	arellano	PROPN
emaj-255	169	2	,	,	PUNCT
emaj-255	169	3	m.	m.	NOUN
emaj-255	169	4	,	,	PUNCT
emaj-255	169	5	&	&	CCONJ
emaj-255	169	6	bond	bond	PROPN
emaj-255	169	7	,	,	PUNCT
emaj-255	169	8	s.	s.	PROPN
emaj-255	169	9	(	(	PUNCT
emaj-255	169	10	1991	1991	NUM
emaj-255	169	11	)	)	PUNCT
emaj-255	169	12	.	.	PUNCT
emaj-255	170	1	some	some	DET
emaj-255	170	2	tests	test	NOUN
emaj-255	170	3	of	of	ADP
emaj-255	170	4	specification	specification	NOUN
emaj-255	170	5	for	for	ADP
emaj-255	170	6	panel	panel	NOUN
emaj-255	170	7	data	datum	NOUN
emaj-255	170	8	.	.	PUNCT
emaj-255	171	1	review	review	NOUN
emaj-255	171	2	of	of	ADP
emaj-255	171	3	economic	economic	ADJ
emaj-255	171	4	studies	study	NOUN
emaj-255	171	5	,	,	PUNCT
emaj-255	171	6	58(9	58(9	NOUN
emaj-255	171	7	)	)	PUNCT
emaj-255	171	8	,	,	PUNCT
emaj-255	171	9	277	277	NUM
emaj-255	171	10	-	-	SYM
emaj-255	171	11	297	297	NUM
emaj-255	171	12	.	.	PUNCT
emaj-255	172	1	bleich	bleich	PROPN
emaj-255	172	2	,	,	PUNCT
emaj-255	172	3	d.	d.	PROPN
emaj-255	172	4	,	,	PUNCT
emaj-255	172	5	fendel	fendel	PROPN
emaj-255	172	6	,	,	PUNCT
emaj-255	172	7	b.	b.	PROPN
emaj-255	172	8	&	&	CCONJ
emaj-255	172	9	bulke	bulke	PROPN
emaj-255	172	10	,	,	PUNCT
emaj-255	172	11	j.	j.	PROPN
emaj-255	172	12	(	(	PUNCT
emaj-255	172	13	2013	2013	NUM
emaj-255	172	14	)	)	PUNCT
emaj-255	172	15	.	.	PUNCT
emaj-255	173	1	monetary	monetary	ADJ
emaj-255	173	2	policy	policy	NOUN
emaj-255	173	3	and	and	CCONJ
emaj-255	173	4	stock	stock	NOUN
emaj-255	173	5	market	market	NOUN
emaj-255	173	6	volatility	volatility	NOUN
emaj-255	173	7	.	.	PUNCT
emaj-255	174	1	deutsche	deutsche	PROPN
emaj-255	174	2	bundesbank	bundesbank	PROPN
emaj-255	174	3	discussion	discussion	PROPN
emaj-255	174	4	paper	paper	PROPN
emaj-255	174	5	no.45	no.45	PROPN
emaj-255	174	6	,	,	PUNCT
emaj-255	174	7	1	1	NUM
emaj-255	174	8	-	-	SYM
emaj-255	174	9	8	8	NUM
emaj-255	174	10	.	.	PUNCT
emaj-255	175	1	(	(	PUNCT
emaj-255	175	2	https://papers.ssrn.com/sol3/papers.cfm	https://papers.ssrn.com/sol3/papers.cfm	ADJ
emaj-255	175	3	)	)	PUNCT
emaj-255	175	4	brumm	brumm	NOUN
emaj-255	175	5	,	,	PUNCT
emaj-255	175	6	j.	j.	PROPN
emaj-255	175	7	,	,	PUNCT
emaj-255	175	8	kubler	kubler	PROPN
emaj-255	175	9	,	,	PUNCT
emaj-255	175	10	f.	f.	PROPN
emaj-255	175	11	,	,	PUNCT
emaj-255	175	12	grill	grill	NOUN
emaj-255	175	13	,	,	PUNCT
emaj-255	175	14	m.	m.	NOUN
emaj-255	175	15	,	,	PUNCT
emaj-255	175	16	&	&	CCONJ
emaj-255	175	17	schmedders	schmedder	NOUN
emaj-255	175	18	,	,	PUNCT
emaj-255	175	19	k.	k.	PROPN
emaj-255	175	20	(	(	PUNCT
emaj-255	175	21	2014	2014	NUM
emaj-255	175	22	)	)	PUNCT
emaj-255	175	23	.	.	PUNCT
emaj-255	176	1	margin	margin	NOUN
emaj-255	176	2	regulation	regulation	NOUN
emaj-255	176	3	and	and	CCONJ
emaj-255	176	4	volatility	volatility	NOUN
emaj-255	176	5	.	.	PUNCT
emaj-255	177	1	european	european	PROPN
emaj-255	177	2	central	central	PROPN
emaj-255	177	3	bank	bank	PROPN
emaj-255	177	4	working	working	PROPN
emaj-255	177	5	paper	paper	NOUN
emaj-255	177	6	series	series	NOUN
emaj-255	177	7	,	,	PUNCT
emaj-255	177	8	no	no	INTJ
emaj-255	177	9	.	.	NOUN
emaj-255	177	10	1698	1698	NUM
emaj-255	177	11	,	,	PUNCT
emaj-255	177	12	july	july	PROPN
emaj-255	177	13	2014	2014	NUM
emaj-255	177	14	,	,	PUNCT
emaj-255	177	15	1	1	NUM
emaj-255	177	16	-	-	SYM
emaj-255	177	17	39	39	NUM
emaj-255	177	18	.	.	PUNCT
emaj-255	178	1	cbn	cbn	PROPN
emaj-255	178	2	.	.	PUNCT
emaj-255	179	1	(	(	PUNCT
emaj-255	179	2	2020	2020	NUM
emaj-255	179	3	)	)	PUNCT
emaj-255	179	4	.	.	PUNCT
emaj-255	180	1	financial	financial	ADJ
emaj-255	180	2	markets	market	NOUN
emaj-255	180	3	development	development	NOUN
emaj-255	180	4	half	half	ADJ
emaj-255	180	5	year	year	NOUN
emaj-255	180	6	report	report	NOUN
emaj-255	180	7	,	,	PUNCT
emaj-255	180	8	1	1	NUM
emaj-255	180	9	-	-	SYM
emaj-255	180	10	92	92	NUM
emaj-255	180	11	.	.	PUNCT
emaj-255	181	1	chortareas	chortarea	NOUN
emaj-255	181	2	,	,	PUNCT
emaj-255	181	3	g.	g.	PROPN
emaj-255	181	4	,	,	PUNCT
emaj-255	181	5	girardone	girardone	PROPN
emaj-255	181	6	,	,	PUNCT
emaj-255	181	7	c.	c.	PROPN
emaj-255	181	8	&	&	CCONJ
emaj-255	181	9	ventouri	ventouri	PROPN
emaj-255	181	10	,	,	PUNCT
emaj-255	181	11	a.	a.	NOUN
emaj-255	181	12	(	(	PUNCT
emaj-255	181	13	2012	2012	NUM
emaj-255	181	14	)	)	PUNCT
emaj-255	181	15	.	.	PUNCT
emaj-255	182	1	bank	bank	PROPN
emaj-255	182	2	supervision	supervision	PROPN
emaj-255	182	3	,	,	PUNCT
emaj-255	182	4	regulation	regulation	NOUN
emaj-255	182	5	and	and	CCONJ
emaj-255	182	6	efficiency	efficiency	NOUN
emaj-255	182	7	:	:	PUNCT
emaj-255	182	8	evidence	evidence	NOUN
emaj-255	182	9	from	from	ADP
emaj-255	182	10	the	the	DET
emaj-255	182	11	european	european	PROPN
emaj-255	182	12	union	union	PROPN
emaj-255	182	13	.	.	PUNCT
emaj-255	183	1	journal	journal	PROPN
emaj-255	183	2	of	of	ADP
emaj-255	183	3	financial	financial	ADJ
emaj-255	183	4	stability	stability	NOUN
emaj-255	183	5	,	,	PUNCT
emaj-255	183	6	84	84	NUM
emaj-255	183	7	)	)	PUNCT
emaj-255	183	8	,	,	PUNCT
emaj-255	183	9	292	292	NUM
emaj-255	183	10	-	-	SYM
emaj-255	183	11	302	302	NUM
emaj-255	183	12	.	.	PUNCT
emaj-255	184	1	chris	chris	PROPN
emaj-255	184	2	,	,	PUNCT
emaj-255	184	3	o.	o.	PROPN
emaj-255	184	4	(	(	PUNCT
emaj-255	184	5	2003	2003	NUM
emaj-255	184	6	)	)	PUNCT
emaj-255	184	7	.	.	PUNCT
emaj-255	185	1	financial	financial	ADJ
emaj-255	185	2	regulation	regulation	NOUN
emaj-255	185	3	in	in	ADP
emaj-255	185	4	nigeria	nigeria	PROPN
emaj-255	185	5	and	and	CCONJ
emaj-255	185	6	challenges	challenge	NOUN
emaj-255	185	7	of	of	ADP
emaj-255	185	8	the	the	DET
emaj-255	185	9	west	west	ADJ
emaj-255	185	10	african	african	ADJ
emaj-255	185	11	monetary	monetary	ADJ
emaj-255	185	12	zone	zone	NOUN
emaj-255	185	13	.	.	PUNCT
emaj-255	186	1	seminar	seminar	NOUN
emaj-255	186	2	on	on	ADP
emaj-255	186	3	the	the	DET
emaj-255	186	4	issues	issue	NOUN
emaj-255	186	5	in	in	ADP
emaj-255	186	6	financial	financial	ADJ
emaj-255	186	7	institutions	institution	NOUN
emaj-255	186	8	surveillance	surveillance	VERB
emaj-255	186	9	in	in	ADP
emaj-255	186	10	nigeria	nigeria	PROPN
emaj-255	186	11	.	.	PUNCT
emaj-255	187	1	central	central	PROPN
emaj-255	187	2	bank	bank	PROPN
emaj-255	187	3	of	of	ADP
emaj-255	187	4	nigeria	nigeria	PROPN
emaj-255	187	5	training	training	NOUN
emaj-255	187	6	centre	centre	NOUN
emaj-255	187	7	working	working	NOUN
emaj-255	187	8	paper	paper	NOUN
emaj-255	187	9	,	,	PUNCT
emaj-255	187	10	no.3	no.3	PROPN
emaj-255	187	11	,	,	PUNCT
emaj-255	187	12	100	100	NUM
emaj-255	187	13	-	-	SYM
emaj-255	187	14	111	111	NUM
emaj-255	187	15	.	.	PUNCT
emaj-255	188	1	currie	currie	PROPN
emaj-255	188	2	,	,	PUNCT
emaj-255	188	3	c.v	c.v	PROPN
emaj-255	188	4	.	.	PROPN
emaj-255	188	5	(	(	PUNCT
emaj-255	188	6	2003	2003	NUM
emaj-255	188	7	)	)	PUNCT
emaj-255	188	8	.	.	PUNCT
emaj-255	189	1	towards	towards	ADP
emaj-255	189	2	a	a	DET
emaj-255	189	3	general	general	ADJ
emaj-255	189	4	theory	theory	NOUN
emaj-255	189	5	of	of	ADP
emaj-255	189	6	financial	financial	ADJ
emaj-255	189	7	regulation	regulation	NOUN
emaj-255	189	8	:	:	PUNCT
emaj-255	189	9	predicting	predict	VERB
emaj-255	189	10	,	,	PUNCT
emaj-255	189	11	measuring	measure	VERB
emaj-255	189	12	and	and	CCONJ
emaj-255	189	13	preventing	prevent	VERB
emaj-255	189	14	financial	financial	ADJ
emaj-255	189	15	crises	crisis	NOUN
emaj-255	189	16	.	.	PUNCT
emaj-255	190	1	university	university	NOUN
emaj-255	190	2	of	of	ADP
emaj-255	190	3	technology	technology	PROPN
emaj-255	190	4	sydney	sydney	PROPN
emaj-255	190	5	school	school	PROPN
emaj-255	190	6	of	of	ADP
emaj-255	190	7	finance	finance	NOUN
emaj-255	190	8	and	and	CCONJ
emaj-255	190	9	economics	economic	NOUN
emaj-255	190	10	working	working	PROPN
emaj-255	190	11	paper	paper	PROPN
emaj-255	190	12	no.132	no.132	PROPN
emaj-255	190	13	,	,	PUNCT
emaj-255	190	14	october	october	PROPN
emaj-255	190	15	,	,	PUNCT
emaj-255	190	16	159	159	NUM
emaj-255	190	17	.	.	PUNCT
emaj-255	191	1	dewatripont	dewatripont	PROPN
emaj-255	191	2	,	,	PUNCT
emaj-255	191	3	m.	m.	NOUN
emaj-255	191	4	,	,	PUNCT
emaj-255	191	5	&	&	CCONJ
emaj-255	191	6	tirole	tirole	PROPN
emaj-255	191	7	,	,	PUNCT
emaj-255	191	8	j.	j.	PROPN
emaj-255	191	9	(	(	PUNCT
emaj-255	191	10	1994	1994	NUM
emaj-255	191	11	)	)	PUNCT
emaj-255	191	12	.	.	PUNCT
emaj-255	192	1	the	the	DET
emaj-255	192	2	prudential	prudential	ADJ
emaj-255	192	3	regulation	regulation	NOUN
emaj-255	192	4	of	of	ADP
emaj-255	192	5	banks	bank	NOUN
emaj-255	192	6	.	.	PUNCT
emaj-255	193	1	cambridge	cambridge	PROPN
emaj-255	193	2	university	university	PROPN
emaj-255	193	3	press	press	PROPN
emaj-255	193	4	,	,	PUNCT
emaj-255	193	5	cambridge	cambridge	PROPN
emaj-255	193	6	,	,	PUNCT
emaj-255	193	7	usa	usa	PROPN
emaj-255	193	8	.	.	PROPN
emaj-255	193	9	degennaro	degennaro	PROPN
emaj-255	193	10	,	,	PUNCT
emaj-255	193	11	r.p	r.p	PROPN
emaj-255	193	12	.	.	PROPN
emaj-255	193	13	&	&	CCONJ
emaj-255	193	14	robotti	robotti	PROPN
emaj-255	193	15	,	,	PUNCT
emaj-255	193	16	c.	c.	PROPN
emaj-255	193	17	(	(	PUNCT
emaj-255	193	18	2007	2007	NUM
emaj-255	193	19	)	)	PUNCT
emaj-255	193	20	.	.	PUNCT
emaj-255	194	1	financial	financial	ADJ
emaj-255	194	2	market	market	NOUN
emaj-255	194	3	frictions	friction	NOUN
emaj-255	194	4	.	.	PUNCT
emaj-255	195	1	federal	federal	PROPN
emaj-255	195	2	reserve	reserve	PROPN
emaj-255	195	3	bank	bank	PROPN
emaj-255	195	4	of	of	ADP
emaj-255	195	5	atlanta	atlanta	PROPN
emaj-255	195	6	economic	economic	PROPN
emaj-255	195	7	review	review	PROPN
emaj-255	195	8	,	,	PUNCT
emaj-255	195	9	third	third	ADJ
emaj-255	195	10	quarter	quarter	NOUN
emaj-255	195	11	,	,	PUNCT
emaj-255	195	12	1	1	NUM
emaj-255	195	13	-	-	SYM
emaj-255	195	14	16	16	NUM
emaj-255	195	15	.	.	PUNCT
emaj-255	196	1	elkelish	elkelish	PROPN
emaj-255	196	2	,	,	PUNCT
emaj-255	196	3	w.	w.	PROPN
emaj-255	196	4	w.	w.	PROPN
emaj-255	196	5	&	&	CCONJ
emaj-255	196	6	tucker	tucker	PROPN
emaj-255	196	7	,	,	PUNCT
emaj-255	196	8	j.	j.	PROPN
emaj-255	196	9	(	(	PUNCT
emaj-255	196	10	2016	2016	NUM
emaj-255	196	11	)	)	PUNCT
emaj-255	196	12	.	.	PUNCT
emaj-255	197	1	bank	bank	NOUN
emaj-255	197	2	regulation	regulation	NOUN
emaj-255	197	3	and	and	CCONJ
emaj-255	197	4	stock	stock	NOUN
emaj-255	197	5	market	market	NOUN
emaj-255	197	6	stability	stability	NOUN
emaj-255	197	7	across	across	ADP
emaj-255	197	8	countries	country	NOUN
emaj-255	197	9	.	.	PUNCT
emaj-255	198	1	journal	journal	NOUN
emaj-255	198	2	of	of	ADP
emaj-255	198	3	financial	financial	ADJ
emaj-255	198	4	regulation	regulation	NOUN
emaj-255	198	5	and	and	CCONJ
emaj-255	198	6	compliance	compliance	NOUN
emaj-255	198	7	,	,	PUNCT
emaj-255	198	8	24(4	24(4	NUM
emaj-255	198	9	)	)	PUNCT
emaj-255	198	10	,	,	PUNCT
emaj-255	198	11	402	402	NUM
emaj-255	198	12	-	-	SYM
emaj-255	198	13	419	419	NUM
emaj-255	198	14	(	(	PUNCT
emaj-255	198	15	https://dx.doi.org/10.1108/jfrc-09-20150049	https://dx.doi.org/10.1108/jfrc-09-20150049	PROPN
emaj-255	198	16	)	)	PUNCT
emaj-255	198	17	fabizzi	fabizzi	NOUN
emaj-255	198	18	,	,	PUNCT
emaj-255	198	19	f.j	f.j	PROPN
emaj-255	198	20	.	.	PROPN
emaj-255	198	21	and	and	CCONJ
emaj-255	198	22	drake	drake	PROPN
emaj-255	198	23	,	,	PUNCT
emaj-255	198	24	p.	p.	NOUN
emaj-255	198	25	p.	p.	NOUN
emaj-255	198	26	(	(	PUNCT
emaj-255	199	1	2009	2009	NUM
emaj-255	199	2	)	)	PUNCT
emaj-255	199	3	.	.	PUNCT
emaj-255	200	1	finance	finance	NOUN
emaj-255	200	2	,	,	PUNCT
emaj-255	200	3	capital	capital	NOUN
emaj-255	200	4	markets	market	NOUN
emaj-255	200	5	,	,	PUNCT
emaj-255	200	6	financial	financial	ADJ
emaj-255	200	7	management	management	NOUN
emaj-255	200	8	and	and	CCONJ
emaj-255	200	9	investment	investment	NOUN
emaj-255	200	10	management	management	NOUN
emaj-255	200	11	.	.	PUNCT
emaj-255	201	1	john	john	PROPN
emaj-255	201	2	wiley	wiley	PROPN
emaj-255	201	3	and	and	CCONJ
emaj-255	201	4	sons	son	NOUN
emaj-255	201	5	,	,	PUNCT
emaj-255	201	6	inc	inc	PROPN
emaj-255	201	7	.	.	PROPN
emaj-255	201	8	new	new	PROPN
emaj-255	201	9	jersey	jersey	PROPN
emaj-255	201	10	,	,	PUNCT
emaj-255	201	11	usa	usa	PROPN
emaj-255	201	12	.	.	PROPN
emaj-255	201	13	gujarati	gujarati	PROPN
emaj-255	201	14	,	,	PUNCT
emaj-255	201	15	d.n	d.n	PROPN
emaj-255	201	16	.	.	PROPN
emaj-255	201	17	(	(	PUNCT
emaj-255	201	18	2009	2009	NUM
emaj-255	201	19	)	)	PUNCT
emaj-255	201	20	.	.	PUNCT
emaj-255	202	1	basic	basic	ADJ
emaj-255	202	2	econometrics	econometric	NOUN
emaj-255	202	3	(	(	PUNCT
emaj-255	202	4	5th	5th	ADJ
emaj-255	202	5	edition	edition	NOUN
emaj-255	202	6	.	.	PUNCT
emaj-255	202	7	)	)	PUNCT
emaj-255	202	8	.	.	PUNCT
emaj-255	203	1	mcgraw	mcgraw	PROPN
emaj-255	203	2	-	-	PUNCT
emaj-255	203	3	hill	hill	PROPN
emaj-255	203	4	companies	companies	PROPN
emaj-255	203	5	inc	inc	PROPN
emaj-255	203	6	,	,	PUNCT
emaj-255	203	7	usa	usa	PROPN
emaj-255	203	8	.	.	PROPN
emaj-255	203	9	gummi	gummi	PROPN
emaj-255	203	10	,	,	PUNCT
emaj-255	203	11	m.u	m.u	PROPN
emaj-255	203	12	.	.	PROPN
emaj-255	203	13	(	(	PUNCT
emaj-255	203	14	2015	2015	NUM
emaj-255	203	15	)	)	PUNCT
emaj-255	203	16	.	.	PUNCT
emaj-255	204	1	financial	financial	ADJ
emaj-255	204	2	regulations	regulation	NOUN
emaj-255	204	3	and	and	CCONJ
emaj-255	204	4	the	the	DET
emaj-255	204	5	nigeria	nigeria	PROPN
emaj-255	204	6	’s	’s	PART
emaj-255	204	7	banking	banking	NOUN
emaj-255	204	8	sector	sector	NOUN
emaj-255	204	9	.	.	PUNCT
emaj-255	205	1	journal	journal	PROPN
emaj-255	205	2	of	of	ADP
emaj-255	205	3	research	research	NOUN
emaj-255	205	4	in	in	ADP
emaj-255	205	5	business	business	NOUN
emaj-255	205	6	and	and	CCONJ
emaj-255	205	7	management	management	NOUN
emaj-255	205	8	,	,	PUNCT
emaj-255	205	9	3(11	3(11	NUM
emaj-255	205	10	)	)	PUNCT
emaj-255	205	11	,	,	PUNCT
emaj-255	205	12	5	5	NUM
emaj-255	205	13	-	-	SYM
emaj-255	205	14	13	13	NUM
emaj-255	205	15	.	.	PUNCT
emaj-255	206	1	hansen	hansen	PROPN
emaj-255	206	2	,	,	PUNCT
emaj-255	206	3	l.p	l.p	PROPN
emaj-255	206	4	.	.	PROPN
emaj-255	206	5	(	(	PUNCT
emaj-255	206	6	1982	1982	NUM
emaj-255	206	7	)	)	PUNCT
emaj-255	206	8	.	.	PUNCT
emaj-255	207	1	large	large	ADJ
emaj-255	207	2	sample	sample	NOUN
emaj-255	207	3	properties	property	NOUN
emaj-255	207	4	of	of	ADP
emaj-255	207	5	generalized	generalized	ADJ
emaj-255	207	6	methods	method	NOUN
emaj-255	207	7	of	of	ADP
emaj-255	207	8	moments	moment	NOUN
emaj-255	207	9	estimators	estimator	NOUN
emaj-255	207	10	.	.	PUNCT
emaj-255	208	1	econometrica	econometrica	PROPN
emaj-255	208	2	,	,	PUNCT
emaj-255	208	3	50	50	NUM
emaj-255	208	4	,	,	PUNCT
emaj-255	208	5	1029	1029	NUM
emaj-255	208	6	-	-	SYM
emaj-255	208	7	1054	1054	NUM
emaj-255	208	8	.	.	PUNCT
emaj-255	209	1	volume	volume	NOUN
emaj-255	209	2	12	12	NUM
emaj-255	209	3	no	no	DET
emaj-255	209	4	1	1	NUM
emaj-255	209	5	(	(	PUNCT
emaj-255	209	6	2022	2022	NUM
emaj-255	209	7	)	)	PUNCT
emaj-255	209	8	|	|	ADV
emaj-255	209	9	issn	issn	VERB
emaj-255	209	10	2158	2158	NUM
emaj-255	209	11	-	-	SYM
emaj-255	209	12	8708	8708	NUM
emaj-255	209	13	(	(	PUNCT
emaj-255	209	14	online	online	NOUN
emaj-255	209	15	)	)	PUNCT
emaj-255	209	16	|	|	ADV
emaj-255	209	17	doi	doi	X
emaj-255	209	18	10.5195	10.5195	NUM
emaj-255	209	19	/	/	SYM
emaj-255	209	20	emaj.2022.255	emaj.2022.255	PROPN
emaj-255	209	21	|	|	ADV
emaj-255	209	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-255	209	23	the	the	DET
emaj-255	209	24	effect	effect	NOUN
emaj-255	209	25	of	of	ADP
emaj-255	209	26	regulations	regulation	NOUN
emaj-255	209	27	on	on	ADP
emaj-255	209	28	stock	stock	NOUN
emaj-255	209	29	market	market	NOUN
emaj-255	209	30	risk	risk	NOUN
emaj-255	209	31	(	(	PUNCT
emaj-255	209	32	volatility	volatility	NOUN
emaj-255	209	33	)	)	PUNCT
emaj-255	209	34	in	in	ADP
emaj-255	209	35	nigeria	nigeria	PROPN
emaj-255	209	36	page	page	NOUN
emaj-255	209	37	|100|	|100|	PROPN
emaj-255	210	1	emerging	emerge	VERB
emaj-255	210	2	markets	market	NOUN
emaj-255	210	3	journal	journal	NOUN
emaj-255	210	4	huo	huo	PROPN
emaj-255	210	5	,	,	PUNCT
emaj-255	210	6	z.	z.	PROPN
emaj-255	210	7	,	,	PUNCT
emaj-255	210	8	&	&	CCONJ
emaj-255	210	9	rios	rios	PROPN
emaj-255	210	10	-	-	PUNCT
emaj-255	210	11	rull	rull	PROPN
emaj-255	210	12	,	,	PUNCT
emaj-255	210	13	j.	j.	PROPN
emaj-255	210	14	(	(	PUNCT
emaj-255	210	15	2016	2016	NUM
emaj-255	210	16	)	)	PUNCT
emaj-255	210	17	.	.	PUNCT
emaj-255	211	1	financial	financial	ADJ
emaj-255	211	2	frictions	friction	NOUN
emaj-255	211	3	,	,	PUNCT
emaj-255	211	4	asset	asset	NOUN
emaj-255	211	5	prices	price	NOUN
emaj-255	211	6	,	,	PUNCT
emaj-255	211	7	and	and	CCONJ
emaj-255	211	8	the	the	DET
emaj-255	211	9	great	great	ADJ
emaj-255	211	10	recession	recession	NOUN
emaj-255	211	11	.	.	PUNCT
emaj-255	212	1	federal	federal	PROPN
emaj-255	212	2	reserve	reserve	PROPN
emaj-255	212	3	bank	bank	PROPN
emaj-255	212	4	of	of	ADP
emaj-255	212	5	minneapolis	minneapolis	PROPN
emaj-255	212	6	staff	staff	PROPN
emaj-255	212	7	report	report	NOUN
emaj-255	212	8	no.526	no.526	PROPN
emaj-255	212	9	,	,	PUNCT
emaj-255	212	10	february	february	PROPN
emaj-255	212	11	2016	2016	NUM
emaj-255	212	12	.	.	PUNCT
emaj-255	213	1	jensen	jensen	PROPN
emaj-255	213	2	,	,	PUNCT
emaj-255	213	3	m.c	m.c	PROPN
emaj-255	213	4	.	.	PROPN
emaj-255	213	5	(	(	PUNCT
emaj-255	213	6	1986	1986	NUM
emaj-255	213	7	)	)	PUNCT
emaj-255	213	8	.	.	PUNCT
emaj-255	214	1	agency	agency	NOUN
emaj-255	214	2	costs	cost	NOUN
emaj-255	214	3	of	of	ADP
emaj-255	214	4	free	free	ADJ
emaj-255	214	5	cash	cash	NOUN
emaj-255	214	6	flow	flow	NOUN
emaj-255	214	7	,	,	PUNCT
emaj-255	214	8	corporate	corporate	ADJ
emaj-255	214	9	finance	finance	NOUN
emaj-255	214	10	and	and	CCONJ
emaj-255	214	11	takeover	takeover	NOUN
emaj-255	214	12	.	.	PUNCT
emaj-255	215	1	american	american	PROPN
emaj-255	215	2	economic	economic	PROPN
emaj-255	215	3	review	review	PROPN
emaj-255	215	4	,	,	PUNCT
emaj-255	215	5	76(2	76(2	NUM
emaj-255	215	6	)	)	PUNCT
emaj-255	215	7	,	,	PUNCT
emaj-255	215	8	323	323	NUM
emaj-255	215	9	-	-	SYM
emaj-255	215	10	329	329	NUM
emaj-255	215	11	.	.	PUNCT
emaj-255	216	1	jun	jun	PROPN
emaj-255	216	2	,	,	PUNCT
emaj-255	216	3	s.	s.	PROPN
emaj-255	216	4	,	,	PUNCT
emaj-255	216	5	marathe	marathe	PROPN
emaj-255	216	6	,	,	PUNCT
emaj-255	216	7	a.	a.	NOUN
emaj-255	216	8	,	,	PUNCT
emaj-255	216	9	&	&	CCONJ
emaj-255	216	10	shawky	shawky	PROPN
emaj-255	216	11	,	,	PUNCT
emaj-255	216	12	h.	h.	PROPN
emaj-255	216	13	a.	a.	PROPN
emaj-255	216	14	(	(	PUNCT
emaj-255	216	15	2003	2003	NUM
emaj-255	216	16	)	)	PUNCT
emaj-255	216	17	.	.	PUNCT
emaj-255	217	1	liquidity	liquidity	NOUN
emaj-255	217	2	and	and	CCONJ
emaj-255	217	3	stock	stock	NOUN
emaj-255	217	4	returns	return	NOUN
emaj-255	217	5	in	in	ADP
emaj-255	217	6	emerging	emerge	VERB
emaj-255	217	7	equity	equity	NOUN
emaj-255	217	8	markets	market	NOUN
emaj-255	217	9	.	.	PUNCT
emaj-255	218	1	emerging	emerge	VERB
emaj-255	218	2	markets	market	NOUN
emaj-255	218	3	,	,	PUNCT
emaj-255	218	4	4(1	4(1	NOUN
emaj-255	218	5	)	)	PUNCT
emaj-255	218	6	,	,	PUNCT
emaj-255	218	7	1	1	NUM
emaj-255	218	8	-	-	SYM
emaj-255	218	9	24	24	NUM
emaj-255	218	10	.	.	PUNCT
emaj-255	219	1	osuagwu	osuagwu	ADJ
emaj-255	219	2	,	,	PUNCT
emaj-255	219	3	e.s	e.s	PROPN
emaj-255	219	4	.	.	PROPN
emaj-255	219	5	(	(	PUNCT
emaj-255	219	6	2009	2009	NUM
emaj-255	219	7	)	)	PUNCT
emaj-255	219	8	.	.	PUNCT
emaj-255	220	1	the	the	DET
emaj-255	220	2	effect	effect	NOUN
emaj-255	220	3	of	of	ADP
emaj-255	220	4	monetary	monetary	ADJ
emaj-255	220	5	policy	policy	NOUN
emaj-255	220	6	on	on	ADP
emaj-255	220	7	stock	stock	NOUN
emaj-255	220	8	market	market	NOUN
emaj-255	220	9	performance	performance	NOUN
emaj-255	220	10	in	in	ADP
emaj-255	220	11	nigeria	nigeria	PROPN
emaj-255	220	12	.	.	PUNCT
emaj-255	221	1	nigerian	nigerian	PROPN
emaj-255	221	2	journal	journal	PROPN
emaj-255	221	3	of	of	ADP
emaj-255	221	4	securities	security	NOUN
emaj-255	221	5	and	and	CCONJ
emaj-255	221	6	finance	finance	NOUN
emaj-255	221	7	,	,	PUNCT
emaj-255	221	8	14(2	14(2	NUM
emaj-255	221	9	)	)	PUNCT
emaj-255	221	10	,	,	PUNCT
emaj-255	221	11	17	17	NUM
emaj-255	221	12	-	-	SYM
emaj-255	221	13	42	42	NUM
emaj-255	221	14	.	.	PUNCT
emaj-255	222	1	onoh	onoh	PROPN
emaj-255	222	2	,	,	PUNCT
emaj-255	222	3	a.u.(2017	a.u.(2017	PROPN
emaj-255	222	4	)	)	PUNCT
emaj-255	222	5	.	.	PUNCT
emaj-255	223	1	monetary	monetary	ADJ
emaj-255	223	2	policy	policy	NOUN
emaj-255	223	3	instruments	instrument	NOUN
emaj-255	223	4	and	and	CCONJ
emaj-255	223	5	their	their	PRON
emaj-255	223	6	effect	effect	NOUN
emaj-255	223	7	on	on	ADP
emaj-255	223	8	turnover	turnover	NOUN
emaj-255	223	9	ratio	ratio	NOUN
emaj-255	223	10	of	of	ADP
emaj-255	223	11	commercial	commercial	ADJ
emaj-255	223	12	banks	bank	NOUN
emaj-255	223	13	in	in	ADP
emaj-255	223	14	nigeria	nigeria	PROPN
emaj-255	223	15	.	.	PUNCT
emaj-255	224	1	journal	journal	PROPN
emaj-255	224	2	of	of	ADP
emaj-255	224	3	business	business	NOUN
emaj-255	224	4	and	and	CCONJ
emaj-255	224	5	african	african	ADJ
emaj-255	224	6	economy	economy	NOUN
emaj-255	224	7	,	,	PUNCT
emaj-255	224	8	3(1	3(1	NUM
emaj-255	224	9	)	)	PUNCT
emaj-255	224	10	,	,	PUNCT
emaj-255	224	11	61	61	NUM
emaj-255	224	12	-	-	SYM
emaj-255	224	13	95	95	NUM
emaj-255	224	14	.	.	PUNCT
emaj-255	225	1	olbrys	olbrys	PROPN
emaj-255	225	2	,	,	PUNCT
emaj-255	225	3	j.	j.	PROPN
emaj-255	225	4	,	,	PUNCT
emaj-255	225	5	&	&	CCONJ
emaj-255	225	6	majewska	majewska	PROPN
emaj-255	225	7	,	,	PUNCT
emaj-255	225	8	e.	e.	PROPN
emaj-255	225	9	(	(	PUNCT
emaj-255	225	10	2014	2014	NUM
emaj-255	225	11	)	)	PUNCT
emaj-255	225	12	.	.	PUNCT
emaj-255	226	1	implications	implication	NOUN
emaj-255	226	2	of	of	ADP
emaj-255	226	3	market	market	NOUN
emaj-255	226	4	frictions	friction	NOUN
emaj-255	226	5	:	:	PUNCT
emaj-255	226	6	serial	serial	ADJ
emaj-255	226	7	correlations	correlation	NOUN
emaj-255	226	8	in	in	ADP
emaj-255	226	9	indexes	index	NOUN
emaj-255	226	10	on	on	ADP
emaj-255	226	11	the	the	DET
emaj-255	226	12	emerging	emerge	VERB
emaj-255	226	13	stock	stock	NOUN
emaj-255	226	14	markets	market	NOUN
emaj-255	226	15	in	in	ADP
emaj-255	226	16	central	central	ADJ
emaj-255	226	17	and	and	CCONJ
emaj-255	226	18	eastern	eastern	ADJ
emaj-255	226	19	europe	europe	PROPN
emaj-255	226	20	.	.	PUNCT
emaj-255	227	1	operations	operation	NOUN
emaj-255	227	2	research	research	NOUN
emaj-255	227	3	and	and	CCONJ
emaj-255	227	4	decisions	decision	NOUN
emaj-255	227	5	,	,	PUNCT
emaj-255	227	6	1	1	NUM
emaj-255	227	7	,	,	PUNCT
emaj-255	227	8	51	51	NUM
emaj-255	227	9	-	-	SYM
emaj-255	227	10	70	70	NUM
emaj-255	227	11	.	.	PUNCT
emaj-255	228	1	sarin	sarin	NOUN
emaj-255	228	2	,	,	PUNCT
emaj-255	228	3	n.	n.	PROPN
emaj-255	228	4	&	&	CCONJ
emaj-255	228	5	summers	summers	PROPN
emaj-255	228	6	,	,	PUNCT
emaj-255	228	7	h.l	h.l	PROPN
emaj-255	228	8	.	.	PROPN
emaj-255	228	9	(	(	PUNCT
emaj-255	228	10	2016	2016	NUM
emaj-255	228	11	)	)	PUNCT
emaj-255	228	12	.	.	PUNCT
emaj-255	229	1	understanding	understand	VERB
emaj-255	229	2	bank	bank	NOUN
emaj-255	229	3	risk	risk	NOUN
emaj-255	229	4	through	through	ADP
emaj-255	229	5	market	market	NOUN
emaj-255	229	6	measures	measure	NOUN
emaj-255	229	7	.	.	PUNCT
emaj-255	230	1	brookings	brookings	PROPN
emaj-255	230	2	papers	paper	NOUN
emaj-255	230	3	on	on	ADP
emaj-255	230	4	economic	economic	ADJ
emaj-255	230	5	activity	activity	NOUN
emaj-255	230	6	,	,	PUNCT
emaj-255	230	7	57	57	NUM
emaj-255	230	8	-	-	SYM
emaj-255	230	9	127	127	NUM
emaj-255	230	10	.	.	PUNCT
emaj-255	231	1	shaban	shaban	PROPN
emaj-255	231	2	,	,	PUNCT
emaj-255	231	3	o.s	o.s	PROPN
emaj-255	231	4	.	.	PROPN
emaj-255	231	5	,	,	PUNCT
emaj-255	231	6	al	al	PROPN
emaj-255	231	7	-	-	PUNCT
emaj-255	231	8	zubi	zubi	PROPN
emaj-255	231	9	,	,	PUNCT
emaj-255	231	10	z.	z.	PROPN
emaj-255	231	11	&	&	CCONJ
emaj-255	231	12	alghusin	alghusin	PROPN
emaj-255	231	13	,	,	PUNCT
emaj-255	231	14	n.a	n.a	PROPN
emaj-255	231	15	.	.	PROPN
emaj-255	231	16	(	(	PUNCT
emaj-255	231	17	2017	2017	NUM
emaj-255	231	18	)	)	PUNCT
emaj-255	231	19	.	.	PUNCT
emaj-255	232	1	the	the	DET
emaj-255	232	2	effect	effect	NOUN
emaj-255	232	3	of	of	ADP
emaj-255	232	4	financial	financial	ADJ
emaj-255	232	5	and	and	CCONJ
emaj-255	232	6	cash	cash	NOUN
emaj-255	232	7	policies	policy	NOUN
emaj-255	232	8	on	on	ADP
emaj-255	232	9	the	the	DET
emaj-255	232	10	performance	performance	NOUN
emaj-255	232	11	and	and	CCONJ
emaj-255	232	12	risk	risk	NOUN
emaj-255	232	13	assessment	assessment	NOUN
emaj-255	232	14	of	of	ADP
emaj-255	232	15	amman	amman	PROPN
emaj-255	232	16	stock	stock	PROPN
emaj-255	232	17	exchange	exchange	PROPN
emaj-255	232	18	market	market	NOUN
emaj-255	232	19	.	.	PUNCT
emaj-255	233	1	ekonomski	ekonomski	PROPN
emaj-255	233	2	pregled	pregle	VERB
emaj-255	233	3	,	,	PUNCT
emaj-255	233	4	68	68	NUM
emaj-255	233	5	(	(	PUNCT
emaj-255	233	6	5	5	NUM
emaj-255	233	7	)	)	PUNCT
emaj-255	233	8	,	,	PUNCT
emaj-255	233	9	541	541	NUM
emaj-255	233	10	-	-	SYM
emaj-255	233	11	553	553	NUM
emaj-255	233	12	.	.	PUNCT
emaj-255	234	1	stieglitz	stieglitz	PROPN
emaj-255	234	2	,	,	PUNCT
emaj-255	234	3	j.	j.	PROPN
emaj-255	234	4	(	(	PUNCT
emaj-255	234	5	1989	1989	NUM
emaj-255	234	6	)	)	PUNCT
emaj-255	234	7	.	.	PUNCT
emaj-255	235	1	financial	financial	ADJ
emaj-255	235	2	market	market	NOUN
emaj-255	235	3	and	and	CCONJ
emaj-255	235	4	development	development	NOUN
emaj-255	235	5	.	.	PUNCT
emaj-255	236	1	oxford	oxford	PROPN
emaj-255	236	2	review	review	NOUN
emaj-255	236	3	of	of	ADP
emaj-255	236	4	economic	economic	ADJ
emaj-255	236	5	policy	policy	NOUN
emaj-255	236	6	,	,	PUNCT
emaj-255	236	7	5(5	5(5	NUM
emaj-255	236	8	)	)	PUNCT
emaj-255	236	9	,	,	PUNCT
emaj-255	236	10	5568	5568	NUM
emaj-255	236	11	.	.	PUNCT
emaj-255	237	1	tchereni	tchereni	NOUN
emaj-255	237	2	,	,	PUNCT
emaj-255	237	3	b.	b.	PROPN
emaj-255	237	4	h.	h.	PROPN
emaj-255	237	5	m	m	PROPN
emaj-255	237	6	,	,	PUNCT
emaj-255	237	7	&	&	CCONJ
emaj-255	237	8	mpini	mpini	PROPN
emaj-255	237	9	,	,	PUNCT
emaj-255	237	10	s.	s.	PROPN
emaj-255	237	11	(	(	PUNCT
emaj-255	237	12	2020	2020	NUM
emaj-255	237	13	)	)	PUNCT
emaj-255	237	14	.	.	PUNCT
emaj-255	238	1	monetary	monetary	ADJ
emaj-255	238	2	policy	policy	NOUN
emaj-255	238	3	shocks	shock	NOUN
emaj-255	238	4	and	and	CCONJ
emaj-255	238	5	stock	stock	NOUN
emaj-255	238	6	market	market	NOUN
emaj-255	238	7	volatility	volatility	NOUN
emaj-255	238	8	in	in	ADP
emaj-255	238	9	emerging	emerge	VERB
emaj-255	238	10	markets	market	NOUN
emaj-255	238	11	.	.	PUNCT
emaj-255	239	1	risk	risk	NOUN
emaj-255	239	2	governance	governance	NOUN
emaj-255	239	3	and	and	CCONJ
emaj-255	239	4	control	control	NOUN
emaj-255	239	5	:	:	PUNCT
emaj-255	239	6	financial	financial	ADJ
emaj-255	239	7	markets	market	NOUN
emaj-255	239	8	&	&	CCONJ
emaj-255	239	9	institutions	institution	NOUN
emaj-255	239	10	,	,	PUNCT
emaj-255	239	11	10(3	10(3	NUM
emaj-255	239	12	)	)	PUNCT
emaj-255	239	13	,	,	PUNCT
emaj-255	239	14	50	50	NUM
emaj-255	239	15	-	-	SYM
emaj-255	239	16	61	61	NUM
emaj-255	239	17	(	(	PUNCT
emaj-255	239	18	http://doi.org/10.22495/rgcv10i3p4	http://doi.org/10.22495/rgcv10i3p4	NOUN
emaj-255	239	19	)	)	PUNCT
emaj-255	239	20	tennant	tennant	PROPN
emaj-255	239	21	,	,	PUNCT
emaj-255	239	22	f.d	f.d	PROPN
emaj-255	239	23	.	.	PROPN
emaj-255	239	24	&	&	CCONJ
emaj-255	239	25	tracey	tracey	PROPN
emaj-255	239	26	,	,	PUNCT
emaj-255	239	27	r.m	r.m	PROPN
emaj-255	239	28	(	(	PUNCT
emaj-255	239	29	2014	2014	NUM
emaj-255	239	30	)	)	PUNCT
emaj-255	239	31	.	.	PUNCT
emaj-255	240	1	financial	financial	ADJ
emaj-255	240	2	intermediation	intermediation	NOUN
emaj-255	240	3	and	and	CCONJ
emaj-255	240	4	stock	stock	NOUN
emaj-255	240	5	market	market	NOUN
emaj-255	240	6	volatility	volatility	NOUN
emaj-255	240	7	in	in	ADP
emaj-255	240	8	a	a	DET
emaj-255	240	9	small	small	ADJ
emaj-255	240	10	bank	bank	NOUN
emaj-255	240	11	-	-	PUNCT
emaj-255	240	12	dominated	dominate	VERB
emaj-255	240	13	economy	economy	NOUN
emaj-255	240	14	.	.	PUNCT
emaj-255	241	1	the	the	DET
emaj-255	241	2	journal	journal	NOUN
emaj-255	241	3	of	of	ADP
emaj-255	241	4	developing	develop	VERB
emaj-255	241	5	areas	area	NOUN
emaj-255	241	6	,	,	PUNCT
emaj-255	241	7	48(4	48(4	NUM
emaj-255	241	8	)	)	PUNCT
emaj-255	241	9	,	,	PUNCT
emaj-255	241	10	73	73	NUM
emaj-255	241	11	-	-	SYM
emaj-255	241	12	95	95	NUM
emaj-255	241	13	.	.	PUNCT
emaj-255	242	1	umar	umar	PROPN
emaj-255	242	2	,	,	PUNCT
emaj-255	242	3	b.	b.	PROPN
emaj-255	242	4	&	&	CCONJ
emaj-255	242	5	nayan	nayan	PROPN
emaj-255	242	6	,	,	PUNCT
emaj-255	242	7	s.	s.	PROPN
emaj-255	242	8	(	(	PUNCT
emaj-255	242	9	2018	2018	NUM
emaj-255	242	10	)	)	PUNCT
emaj-255	242	11	.	.	PUNCT
emaj-255	243	1	does	do	VERB
emaj-255	243	2	regulatory	regulatory	ADJ
emaj-255	243	3	quality	quality	NOUN
emaj-255	243	4	matters	matter	NOUN
emaj-255	243	5	for	for	ADP
emaj-255	243	6	stock	stock	NOUN
emaj-255	243	7	market	market	NOUN
emaj-255	243	8	development	development	NOUN
emaj-255	243	9	?	?	PUNCT
emaj-255	244	1	evidence	evidence	NOUN
emaj-255	244	2	from	from	ADP
emaj-255	244	3	africa	africa	PROPN
emaj-255	244	4	.	.	PUNCT
emaj-255	245	1	international	international	ADJ
emaj-255	245	2	journal	journal	PROPN
emaj-255	245	3	of	of	ADP
emaj-255	245	4	economics	economic	NOUN
emaj-255	245	5	and	and	CCONJ
emaj-255	245	6	financial	financial	ADJ
emaj-255	245	7	issues	issue	NOUN
emaj-255	245	8	,	,	PUNCT
emaj-255	245	9	8(4	8(4	NUM
emaj-255	245	10	)	)	PUNCT
emaj-255	245	11	,	,	PUNCT
emaj-255	245	12	10	10	NUM
emaj-255	245	13	-	-	SYM
emaj-255	245	14	15	15	NUM
emaj-255	245	15	.	.	PUNCT
emaj-255	246	1	wang	wang	PROPN
emaj-255	246	2	,	,	PUNCT
emaj-255	246	3	y.	y.	PROPN
emaj-255	246	4	,	,	PUNCT
emaj-255	246	5	tsai	tsai	PROPN
emaj-255	246	6	,	,	PUNCT
emaj-255	246	7	j.	j.	PROPN
emaj-255	246	8	and	and	CCONJ
emaj-255	246	9	li	li	PROPN
emaj-255	246	10	,	,	PUNCT
emaj-255	246	11	q.(2017	q.(2017	PROPN
emaj-255	246	12	)	)	PUNCT
emaj-255	246	13	.	.	PUNCT
emaj-255	247	1	policy	policy	NOUN
emaj-255	247	2	impact	impact	NOUN
emaj-255	247	3	on	on	ADP
emaj-255	247	4	chinese	chinese	ADJ
emaj-255	247	5	stock	stock	NOUN
emaj-255	247	6	market	market	NOUN
emaj-255	247	7	:	:	PUNCT
emaj-255	247	8	from	from	ADP
emaj-255	247	9	1994	1994	NUM
emaj-255	247	10	bailout	bailout	NOUN
emaj-255	247	11	policies	policy	NOUN
emaj-255	247	12	to	to	ADP
emaj-255	247	13	the	the	DET
emaj-255	247	14	2015	2015	NUM
emaj-255	247	15	shanghai	shanghai	PROPN
emaj-255	247	16	-	-	PUNCT
emaj-255	247	17	hong	hong	PROPN
emaj-255	247	18	kong	kong	PROPN
emaj-255	247	19	stock	stock	PROPN
emaj-255	247	20	connect	connect	PROPN
emaj-255	247	21	.	.	PUNCT
emaj-255	248	1	international	international	ADJ
emaj-255	248	2	journal	journal	PROPN
emaj-255	248	3	of	of	ADP
emaj-255	248	4	finance	finance	NOUN
emaj-255	248	5	studies	study	NOUN
emaj-255	248	6	,	,	PUNCT
emaj-255	248	7	5(4	5(4	NUM
emaj-255	248	8	)	)	PUNCT
emaj-255	248	9	,	,	PUNCT
emaj-255	248	10	1	1	NUM
emaj-255	248	11	-	-	SYM
emaj-255	248	12	19	19	NUM
emaj-255	248	13	.	.	PUNCT
emaj-255	249	1	zgarni	zgarni	PROPN
emaj-255	249	2	,	,	PUNCT
emaj-255	249	3	a.	a.	NOUN
emaj-255	249	4	&	&	CCONJ
emaj-255	249	5	hassouna	hassouna	PROPN
emaj-255	249	6	,	,	PUNCT
emaj-255	249	7	f.	f.	PROPN
emaj-255	249	8	(	(	PUNCT
emaj-255	249	9	2018	2018	NUM
emaj-255	249	10	)	)	PUNCT
emaj-255	249	11	.	.	PUNCT
emaj-255	250	1	regulation	regulation	NOUN
emaj-255	250	2	and	and	CCONJ
emaj-255	250	3	bank	bank	NOUN
emaj-255	250	4	performance	performance	NOUN
emaj-255	250	5	.	.	PUNCT
emaj-255	251	1	the	the	DET
emaj-255	251	2	journal	journal	PROPN
emaj-255	251	3	of	of	ADP
emaj-255	251	4	american	american	PROPN
emaj-255	251	5	business	business	PROPN
emaj-255	251	6	review	review	PROPN
emaj-255	251	7	,	,	PUNCT
emaj-255	251	8	6(2	6(2	NUM
emaj-255	251	9	)	)	PUNCT
emaj-255	251	10	,	,	PUNCT
emaj-255	251	11	15	15	NUM
emaj-255	251	12	-	-	SYM
emaj-255	251	13	22	22	NUM
emaj-255	251	14	.	.	PUNCT
emaj-255	252	1	zare	zare	PROPN
emaj-255	252	2	,	,	PUNCT
emaj-255	252	3	r.	r.	PROPN
emaj-255	252	4	,	,	PUNCT
emaj-255	252	5	azahi	azahi	ADV
emaj-255	252	6	,	,	PUNCT
emaj-255	252	7	m.	m.	NOUN
emaj-255	252	8	&	&	CCONJ
emaj-255	252	9	habitullah	habitullah	PROPN
emaj-255	252	10	,	,	PUNCT
emaj-255	252	11	m.s	m.s	PROPN
emaj-255	252	12	.	.	PROPN
emaj-255	252	13	(	(	PUNCT
emaj-255	252	14	2013	2013	NUM
emaj-255	252	15	)	)	PUNCT
emaj-255	252	16	.	.	PUNCT
emaj-255	253	1	monetary	monetary	ADJ
emaj-255	253	2	policy	policy	NOUN
emaj-255	253	3	and	and	CCONJ
emaj-255	253	4	stock	stock	NOUN
emaj-255	253	5	market	market	NOUN
emaj-255	253	6	volatility	volatility	NOUN
emaj-255	253	7	in	in	ADP
emaj-255	253	8	the	the	DET
emaj-255	253	9	asean5	asean5	NOUN
emaj-255	253	10	:	:	PUNCT
emaj-255	253	11	asymmetries	asymmetry	NOUN
emaj-255	253	12	over	over	ADP
emaj-255	253	13	bull	bull	NOUN
emaj-255	253	14	and	and	CCONJ
emaj-255	253	15	bear	bear	NOUN
emaj-255	253	16	markets	market	NOUN
emaj-255	253	17	.	.	PUNCT
emaj-255	254	1	procedia	procedia	ADJ
emaj-255	254	2	economics	economic	NOUN
emaj-255	254	3	and	and	CCONJ
emaj-255	254	4	finance	finance	NOUN
emaj-255	254	5	,	,	PUNCT
emaj-255	254	6	7	7	NUM
emaj-255	254	7	,	,	PUNCT
emaj-255	254	8	18	18	NUM
emaj-255	254	9	-	-	SYM
emaj-255	254	10	27	27	NUM
emaj-255	254	11	.	.	PUNCT