This paper provides new low frequency evidence on two important related issues in global finance, first, waht are the main determinants of variations in the volatility of important international stock markets, and second to what extent are variations in the volatility of these markets...

This paper uses low frequency end-monthly data on the Nikkei stock market index and business cycle variables in Japan to examine the important determinants of variations in the volatility in the Nikkei stock market index.

This paper provides new evidence on the short-term pricing of Australian IPOs using daily data on 188 IPOs from January 1991 to december 1994. In contrast to previous Australian studies it clearly demarcates the primary from the secondary IPO market by the first transaction which takes place on...