01581cas a2200253 a 4500 AALejournalIMF002288 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847130 1018-5941 BD-DhAAL BD-DhAAL Wei, Shang-Jin. Does Insider Trading Raise Market Volatility? / Shang-Jin Wei, Julan Du. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (42 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 This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. The central finding is that countries with more prevalent insider trading have more volatile stock markets, even after one controls for liquidity/maturity of the market and the volatility of the underlying fundamentals (volatility of real output and of monetary and fiscal policies). Moreover, the effect of insider trading is quantitively significant when compared with the effect of economic fundamentals. Mode of access: Internet Du, Julan. IMF Working Papers; Working Paper ; No. 2003/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/051/001.2003.issue-051-en.xml IMF e-Library