Financial Market Volatility: A Survey

Louis O. Scott
Additional contact information
Louis O. Scott: International Monetary Fund

IMF Staff Papers, 1991, vol. 38, issue 3, 582-625

Abstract: Volatility in financial markets has forced economists to re-examine the validity of the efficient markets hypothesis, and new empirical approaches have been applied to the study of this important issue in recent years. Many of the recent studies have found evidence of excessive volatility. In the aftermath of the stock market crash of 1987 and the perceived increase in market volatility, some economists have advocated additional market regulations. This paper presents a review of recent studies on financial market volatility.

JEL-codes: E44 G12 G14 (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.jstor.org/stable/3867159?origin=pubexport main text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:imfstp:v:38:y:1991:i:3:p:582-625

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41308/PS2

Access Statistics for this article

More articles in IMF Staff Papers from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().