Descripción del título
"Excess Volatility" and the...
This paper uses long-run real price and dividends series to investigate for the German stock market the questions asked of the U.S. market by Shiller (1989). It tries to determine in what periods and to what degree the German stock market has also possessed excess volatility' in the past century. It finds no evidence of excess volatility in the pre-World War I German stock market. By contrast, there is some evidence of excess volatility in the post-World War II German stock market. The role played by the German Grosbanken in the pre-World War I stock market might be the cause of low comparative volatility of German stock indices before 1914
Monografía
monografia Rebiun36604044 https://catalogo.rebiun.org/rebiun/record/Rebiun36604044 m o d cr ||||||||||| 120107s1992 mau o 000 0 eng d 72457294 1027324886 1119395310 1243086717 1407226562 UAO ocn756570355 DKDLA eng pn DKDLA OCLCQ COO NTE OCLCQ OCLCO OCLCF OCLCQ OCLCO OCLCQ KIJ OCLCQ OCLCO QGK IAZ OCLCO OCLCL OCLCQ e-gx--- 330 OCoLC N20 jelc N23 jelc "Excess Volatility" and the German Stock Market, 1876-1990 J. Bradford De Long, Marco Becht Cambridge, Mass. National Bureau of Economic Research 1992 Cambridge, Mass. Cambridge, Mass. National Bureau of Economic Research 1 online resource 1 online resource Text txt rdacontent computer c rdamedia online resource cr rdacarrier NBER working paper series no. w4054 ]note: King's username and password for off campus access.]. This paper uses long-run real price and dividends series to investigate for the German stock market the questions asked of the U.S. market by Shiller (1989). It tries to determine in what periods and to what degree the German stock market has also possessed excess volatility' in the past century. It finds no evidence of excess volatility in the pre-World War I German stock market. By contrast, there is some evidence of excess volatility in the post-World War II German stock market. The role played by the German Grosbanken in the pre-World War I stock market might be the cause of low comparative volatility of German stock indices before 1914 Stock exchanges- Germany Banks and banking, German Bourse- Allemagne Banques allemandes Banks and banking, German. Stock exchanges. General, International, or Comparative. Europe: Pre-1913. Germany. https://id.oclc.org/worldcat/entity/E39PBJtCD3rcKcPDx6FHmjvrbd Economic History General Economic History Europe Becht, Marco De Long, J. Bradford National Bureau of Economic Research Print version DeLong, J. Bradford. "Excess volatility" and the German stock market, 1876-1990. Cambridge, MA : National Bureau of Economic Research, [1992] (OCoLC)26057632 Working paper series (National Bureau of Economic Research) no. w4054