We empirically investigate the relationship between expected stock returns and volatility in the twelve EMU countries … returns and volatility for most of the markets. However, using a flexible semi-parametric specification for the conditional … related issue, the asymmetric reaction of volatility to positive and negative shocks in stock returns confirming a negative …

volatility …

bring volatility to emerging markets. Are there mechanisms to reap the benefits of capital flows without being hurt by their … volatility? Are current practices, such as large reserves accumulation, public deleveraging, and export promotion strategies …, efficient external insurance mechanisms? In this paper we start by documenting the external volatility faced by emerging markets …

explanatory power over the crisis period.Novelty - There is no applied study on the verification of the volatility of …

approach and Engel's approaches yield negative correlations with income level, government expenditure, exchange rate volatility …

) the larger magnitude of gross capital inflows relative to outflows in some countries; (3) the increase in the volatility … stabilize economies against capital flow volatility is to reduce leverage in domestic banking systems. Recent increases in …