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ISBN: 0894991183Издательство: Books for Business
During the 1980s, policymakers and financial market participants became increasingly concerned about the volatility of financial markets. Greater volatility in the stock, bond, and foreign exchange markets raised important public policy issues about thestability of financial markets and the impact of volatility on the economy. At the same time, savers, investors, and other participants in financial markets adopted more sophisticated ways of hedging risks caused by greater volatility. This collection of articles chosen from the pages of the Economic Review of the Federal Reserve Bank of Kansas City documents the increase in market volatility and explores its impact on the economy and the behavior of financial market participants.