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The anticipated and concurring effects of the EMU: exchange rate volatility, institutions and growth

✍ Scribed by Michele Bagella; Leonardo Becchetti; Iftekhar Hasan

Book ID: 116658640
Publisher: Elsevier Science
Year: 2004
Tongue: English
Weight: 259 KB
Volume: 23
Category: Article
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2004.08.007

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## Abstract One commonly observed feature of financial market volatility is the presence of asymmetry whereby shocks to the market do not generate equal responses. This phenomenon has been attributed to the leverage effect for stock markets. For exchange rates, asymmetry has also been documented wi