Series: IMF Working Papers
Author(s): Armando Méndez Morales , and Liliana Schumacher
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2003
Keywords: Volatility, Risk, Indicator, Portfolio, exchange rate, equations, correlations, covariance, equation, Financial Markets and the Macroeconomy,
Financial decisions of economic agents are based on volatility considerations. However, no aggregate indicators have been used by policymakers and regulators to assess the market risk environment. This paper applie...