La volatilité des actions françaises sur le long terme
French stock market volatility observed over the last 150 years presents a huge instability. From a very low level before the First World War, it shows a continuous increase during the inter-war period. Despite peace and economic stability, volatility has never converged to levels seen pre-1914. The level of stock market volatility seems to be linked to the monetary instability and the magnitude of public deficits. Classification JEL : G1, G12, N23, N24.
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