01655cas a2200241 a 4500 AALejournalIMF010471 230101c9999 xx r poo 0 0eng d 15.00 USD 9781451973440 1020-7635 BD-DhAAL BD-DhAAL International Monetary Fund. Research Dept. IMF Staff papers, Volume 43 No. 3. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (188 pages) IMF Staff 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 examines the volatility and predictability of emerging stock markets. A range of measures suggests that, despite perceptions to the contrary, the volatility of emerging markets may have fallen rather than risen on average. Also, although the autocorrelations in emerging market returns appear to turn negative at horizons of a year or more, the magnitude of these return reversals is not that much larger than reversals in some mature markets. One interpretation of the results would be that emerging markets have not consistently been subject to fads or bubbles, or at least no more so than in some industrial countries. Mode of access: Internet IMF Staff Papers; IMF Staff Papers ; No. 1996/003 Full text available on IMF http://elibrary.imf.org/view/journals/024/1996/003/024.1996.issue-003-en.xml IMF e-Library