The recent behaviour of financial market volatility

Fabio Panetta (), Paolo Angelini, Giuseppe Grande, Aviram Levy (), Roberto Perli, Pinar Yesin, Stefan Gerlach (), Srichander Ramaswam () and Michela Scatigna ()
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Fabio Panetta: Banca d'Italia
Aviram Levy: Banca d'Italia
Stefan Gerlach: Bank for International Settlements
Srichander Ramaswam: Bank for International Settlements
Michela Scatigna: Bank for International Settlements

No 2, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: A striking feature of financial market behaviour in recent years has been the low level of price volatility over a wide range of financial assets and markets. The issue has attracted the attention of central bankers and financial regulators due to the potential implications for financial stability. This paper makes an effort to shed light on this phenomenon, drawing on literature surveys, reviews of previous analyses by non-academic commentators and institutions, and some new empirical evidence.

Keywords: financial market; volatility; financial stability (search for similar items in EconPapers)
JEL-codes: D53 E31 (search for similar items in EconPapers)
Date: 2006-08
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_2_06

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