01556cas a2200253 a 4500 AALejournalIMF001457 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848052 1018-5941 BD-DhAAL BD-DhAAL Leon, Gene. Price Volatility and Financial Instability / Gene Leon, Rupert Worrell. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Statistical measures of the volatility of exchange rates, interest rates, and stock prices are estimated for a number of countries. Periods of high volatility are identified and compared with periods of financial difficulty. The results indicate that GARCH models of volatility could be potentially useful in assessing financial soundness. Daily data are more revealing, but monthly series allow comparisons among many countries. Country specific models may be needed for more reliable inference. Mode of access: Internet Worrell, Rupert. IMF Working Papers; Working Paper ; No. 2001/060 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/060/001.2001.issue-060-en.xml IMF e-Library