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Book/Printed Material Volatility in an era of reduced uncertainty lessons from Pax Britannica

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Title

  • Volatility in an era of reduced uncertainty lessons from Pax Britannica

Summary

  • "Although it has been well established that financial volatility is related to news and macroeconomic shocks, there has been less emphasis on the importance of underlying economic and political stability. In this paper we study the behavior of consol returns since 1729 and identify a greater-than-50% decline in volatility from the end of the Napoleonic wars in 1815 until the First World War. News events and macroeconomic variables cannot account for this extended period of reduced volatility. Underlying political stability under Pax Britannica seems to be a more likely explanation, however"--National Bureau of Economic Research web site.

Names

  • Brown, William O. (William Oras), 1967-
  • Burdekin, Richard C. K. (Richard Charles Keighley), 1958-
  • Weidenmier, Marc D.
  • National Bureau of Economic Research

Created / Published

  • Cambridge, MA : National Bureau of Economic Research, c2005.

Headings

  • -  Economic history--Political aspects
  • -  Economic history--1600-1750
  • -  Economic history--1750-1918
  • -  Great Britain--Foreign relations--19th century

Notes

  • -  Title from PDF file as viewed on 6/28/2005.
  • -  Includes bibliographical references.
  • -  Also available in print.
  • -  Mode of access: World Wide Web.
  • -  System requirements: Adobe Acrobat Reader.

Call Number/Physical Location

  • HB1

Digital Id

Library of Congress Control Number

  • 2005618309

Access Advisory

  • Unrestricted online access

Online Format

  • image
  • pdf

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Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Brown, William O, Richard C. K Burdekin, Marc D Weidenmier, and National Bureau Of Economic Research. Volatility in an era of reduced uncertainty lessons from Pax Britannica. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. https://www.loc.gov/item/2005618309/.

APA citation style:

Brown, W. O., Burdekin, R. C. K., Weidenmier, M. D. & National Bureau Of Economic Research. (2005) Volatility in an era of reduced uncertainty lessons from Pax Britannica. Cambridge, MA: National Bureau of Economic Research. [Pdf] Retrieved from the Library of Congress, https://www.loc.gov/item/2005618309/.

MLA citation style:

Brown, William O, et al. Volatility in an era of reduced uncertainty lessons from Pax Britannica. Cambridge, MA: National Bureau of Economic Research, 2005. Pdf. Retrieved from the Library of Congress, <www.loc.gov/item/2005618309/>.