Advanced Search
MyIDEAS: Login to save this article or follow this journal

Les krachs boursiers en France depuis 1854


Author Info

  • David Le Bris
Registered author(s):


    Stock market crashes are crucial as a large part of the final value of any stock market index is realized during these extreme events. But, the same price variation in percentage does not have the same impact in a stable financial environment as in a highly volatile period. To identify crashes throughout time despite these changes in the volatility regime, a new method is proposed. Each price variation is measured in number of standard-deviations computed over the prior period. Worst variations after this adjustment show crashes. Results thus achieved are more consistent with history. For example, the WWI causes major stock adjusted variations despite a low level of volatility and low non-adjusted price variations. The recent period is characterized more by a high level of volatility than a time of frequent stock market crashes. Classification JEL : G1, G12, N23, N24.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL:
    Download Restriction: restricted

    File URL:
    Download Restriction: restricted

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Presses de Sciences-Po in its journal Revue économique.

    Volume (Year): Volume 61 (2010)
    Issue (Month): 3 ()
    Pages: 421-430

    as in new window
    Handle: RePEc:cai:recosp:reco_613_0421

    Contact details of provider:
    Web page:

    Related research


    Find related papers by JEL classification:


    No references listed on IDEAS
    You can help add them by filling out this form.



    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


    Access and download statistics


    When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_613_0421. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.