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제목 Do Financial Activities Affect Stock Volatility?(장대홍)
작성자 관리자 조회수 4847 작성일 2009.06.09
This paper re-examines the relation of stock volatility with those of macro-finance variables using data from 1950 to 2008. While confirming the findings in previous studies, in particular, the evidence of the greater stock return variability in economic downturn, it shows that much of the volatility is attributable to financial market activities since mid-1980s. It is argued that predictors of financial market activities can help to better explain stock volatility.
첨부파일 첨부파일 [장대홍].pdf

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