出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：Importance of volatility in developed as well as emerging markets can never be under estimated. Volatility is measured by traditional measures such as standard deviation. This study measures volatility and examines the relative volatility during 1997-2009. Using global stock market indexes of countries categorized as an emerging and developed capital markets are utilized. All the selected stock returns shown non-normality. Emerging market indexes show more non-normality and higher kurtosis values indicate high peakedness of return distributions. Evidences during this time period highlight that volatility is not the only phenomena of emerging capital markets. Some developed capital markets are more volatile than emerging in the selected sample.
关键词：Volatility; standard deviation; emerging markets; International diversification.
