The continuing volatility in equity markets following the global financial crisis has led the focus of the global investment community towards low volatility stocks. This pursuit of low risk investments has drawn attention of the investor community towards new, alternative investments avenues...

We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on economic activity and welfare. In the first part of the paper, the GARCH-SVARmodel is applied to measure empirically the effect of the conditional exogenous exchange rate...