cross-effects of intervention with the level and volatility of exchange rates using the likely timing of intervention … no significant effect on volatility. The paper also illustrates that such inference depends on paying careful attention …

idiosyncratic volatility and the default premium are strong predictors of fundamentals, our results are consistent with monetary …"The paper documents a new empirical result that a high level of aggregate U.S. idiosyncratic stock return volatility … currencies. For example, idiosyncratic volatility accounts for over 20 percent variations of the subsequent change in the …