文章基本信息

标题：150 years of financial market volatility
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作者：Stefan Gerlach ; Srichander Ramaswamy ; Michela Scatigna 等
期刊名称：BIS Quarterly Review: International Banking and Financial Market Developments = BIZ-Quartalsbericht: Internationales Bankgeschäft und internationale Finanzmärkte
印刷版ISSN：1012-9979
出版年度：2006
卷号：2006
期号：3
出版社：Bank for International Settlements
摘要：
This paper investigates the behaviour of the volatility of returns in bond and stock markets for a sample of eight countries using very long samples of data. Volatility has been high during episodes of economic and political turbulence, in particular during the interwar period. Moreover, volatility has generally been high since the early 1970s.