文章基本信息
- 标题：150 years of financial market volatility
- 本地全文：下载
- 作者：Stefan Gerlach ; Srichander Ramaswamy ; Michela Scatigna 等
- 期刊名称：BIS Quarterly Review: International Banking and Financial Market Developments = BIZ-Quartalsbericht: Internationales Bankgeschäft und internationale Finanzmärkte
- 印刷版ISSN：1012-9979
- 出版年度：2006
- 卷号：2006
- 期号：3
- 出版社：Bank for International Settlements
- 摘要：
This paper investigates the behaviour of the volatility of returns in bond and stock markets for a sample of eight countries using very long samples of data. Volatility has been high during episodes of economic and political turbulence, in particular during the interwar period. Moreover, volatility has generally been high since the early 1970s.
