bring volatility to emerging markets. Are there mechanisms to reap the benefits of capital flows without being hurt by their … volatility? Are current practices, such as large reserves accumulation, public deleveraging, and export promotion strategies …, efficient external insurance mechanisms? In this paper we start by documenting the external volatility faced by emerging markets …

Using high-frequency intraday data, we construct, test and model seven new realized volatility estimators for six … international equity indices. We detect jumps in these estimators, construct the jump components of volatility and perform various … effects of jumps on volatility. Our results expand and complement the previous literature on the nonparametric realized …

point with a simple quantitative hedging model, where optimally used options and futures on the S&P100's implied volatility …

's information set for the myopic stock-bond portfolio. In-sample I find that the best forecast of the volatility and correlation is … metrics: volatility, Sharpe ratio, certainty-equivalent return, turnover and opportunity cost. For minimum-variance portfolios … formed using analyst forecasts, although the volatility of the portfolios increase, the Sharpe ratios substantially increase …