include the US and a European (E15) aggregate. In relative terms, the conditional volatility of E15 growth has declined more … since 1980 than the well-documented decline for the US. The propagation of shocks has also changed, with the volatility and …

, if investors have incomplete information about new emerging markets, and learn over time, there can be high volatility of …

micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the … historical period of 1919-2004, and enables this puzzle to be addressed more easily. The volatility divergence is explained by … the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. …

A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate …

We discuss sources of volatility and vulnerability in the CEECs during the transition and leading up to EU accession …. The Paper emphasizes the role of the transition shock as a source of extreme volatility on a much larger scale than the … contraction. Pro-cyclical fiscal policy and institutional uncertainties amplified output volatility. Many factors will contribute …

of noise traders alters the composition of the market and generates excess exchange rate volatility, since noise traders … both create and share the risk associated with exchange rate volatility. In such circumstances, monetary policy can be used … to lower exchange rate volatility without altering macroeconomic fundamentals. …

towards the end of the week, Thursday and then Friday. The lower patterns are more apparent in both cases. Volatility is the … highest on Mondays in both local and dollar returns. Local returns have the lowest volatility towards the end of the week …, Thursday and Friday, whereas the lowest volatility of dollar returns are observed on Tuesdays. The results have useful …

component into decisions. This component is affected by the degree of volatility of underlying assets, which in turn can derive … their volatility from the economy as a whole, affecting the investment process and therefore the accumulation of capital and … future growth. In the same tense, the evidence of volatility in the returns of the underlying assets of the economy affects …