Volatility in Spanish Financial Markets: The Recent Experience

Juan Ayuso, Soledad Núñez and María Pérez-Jurado

Working Papers from Banco de España

Abstract: The potential negative consequences of high financial volatility have been an important concern recently. Although its empirical relevance has not been proved conclusively, clear theoretic and intuitive arguments justify this concern. Many efforts have been conducted, therefore, to determine which is the relevant concept of volatility and how to measure it, which factors explain the course it follows, and which steps should be taken in order to curb volatility. In this paper, we present evidence on these issues focusing on the Spanish experience.

Keywords: SPAIN; FINANCIAL MARKET; UNCERTAINTY (search for similar items in EconPapers)
JEL-codes: D80 D81 G10 G15 (search for similar items in EconPapers)
Pages: 51 pages
Date: 1996
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:9601

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