| Article ID: | iaor199617 |
| Country: | India |
| Volume: | 20 |
| Issue: | 1 |
| Start Page Number: | 37 |
| End Page Number: | 50 |
| Publication Date: | Jan 1995 |
| Journal: | Vikalpa |
| Authors: | Malay Roy K., Madhusudan Karmakar |
| Keywords: | finance & banking |
Based on measurement of stock market volatility for the period 1935 to 1992, the authors focus on two key issues: (a) what is the average level of volatility and whether it has increased in the current period; (b) whether the present trend of share price movement is likely to impair the development process of the present economy.