Volatility pp 29-45 | Cite as

What Is Happening With Financial Market Volatility and Why?

  • Robert Engle
Conference paper
Part of the Zicklin School of Business Financial Markets Series book series (CUNY)


To put this in context, when we talk about risk, we are talking about events that could happen with some probability in the future. As we all know, there is an abundance of risks in our future. Some risks we try to avoid, and others we just accept. Finance is, in reality, the study of which risks we take, and how much we expect to be compensated for taking them. This is the framework that is at the heart of finance, and it is especially pertinent these days when we see the present turbulence in the financial markets.20


Stock Market High Volatility Credit Default Swap GARCH Model Confidence Band 
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Copyright information

© Springer US 2011

Authors and Affiliations

  • Robert Engle
    • 1
  1. 1.Nobel Laureate, Stern School of BusinessNew York UniversityNew YorkUSA

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