a substantial decline once volatility is measured against the minimum variance for the same returns on assets. Using a …Financial decisions of economic agents are based on volatility considerations. However, no aggregate indicators have … been used by policymakers and regulators to assess the market risk environment. This paper applies a market volatility …

The paper analyzes foreign exchange market volatility in four Central European EU accession countries in 2001-2003. By … using a Markov regime-switching model, it identifies two regimes representing high- and low-volatility periods. The … the Czech koruna-Slovak koruna) in the high-volatility period. The paper concludes by discussing the policy implications …

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …

has been delivered in the past five years. If anything, aid volatility has worsened somewhat and the information value of … long-term lending commitments has declined. We take these results to mean that the main causes of the volatility and …

fundamental break with the region''s history of boom-bust cycles. The paper traces how this history of macroeconomic volatility …

: its volatility and Dutch disease. We present evidence that aid volatility augments trade balance volatility and that …

Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption … that reducing consumption volatility would have on aggregate poverty. We then discuss coverage of consumption insurance …

Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly … implementing fiscal rules to deal with such volatility. It finds that the use of a structural balance target could smooth the …

The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …