Yet this global construct comes under pressure in an environment in which advanced countries have stubbornly high unemployment and bouts of financial volatility.

First, confidence and risk aversion are fickle, and bouts of renewed volatility may occur if macroeconomic and financial data were to surprise on the downside as they may if a near term and robust global recovery (which many people expect) does not materialize.

Of course, there is no theoretical limit on divergence. The problem is that exchange rate shifts now represent the only mechanism for reconciliation, and the divide between certain market valuations and their fundamentals has become so large that prices are vulnerable to bouts of volatility.

(e) Price volatility

MILAN Over the past two years, industrial countries have experienced bouts of severe financial instability.

And despite recurrent bouts of concern throughout its history, America reaps huge benefits from immigration.

In addition, low volatility of inflation relative to the volatility of RER depreciation may be needed to lead to de dollarization.

Where Did Market Volatility Go?

Without these steps, continued bouts of social unrest may well shake investor confidence more than unwelcome policies do.

Over the decades, Europe has alternated between excessive optimism and bouts of Euro pessimism such as the current period.

I reproached him unjustly, just like all my bouts of anger I told you I don't want to celebrate.

One apparent consequence is extreme price volatility.

Surely, today s low volatility is partly cyclical.

Scandinavian countries have their share of problems, such as Denmark s significant xenophobic extreme right and Norway s occasional bouts of provincial puritanism.

But leaving the system unchanged will maintain the global economy s vulnerability to future bouts of speculation that we cannot afford.

He then moved back to California, where he went 8 1 1 for the next ten bouts.

They are expensive and a source of political and supply volatility.

Chronic rejection, meaning repeated bouts of rejection symptoms beyond the first year after the transplant surgery, occurs in approximately 50 of patients.

Indeed, there is volatility just beneath the surface.

In a turbulent world of market volatility, however, they risk being overwhelmed.

They should also mitigate the impact of the excessive volatility of financial markets.

Global economic instability correlates strongly with energy price volatility.

Such volatility does not fit a fundamentals driven market.

That prospect has already sparked renewed financial market volatility.

A volatility feedback loop begins the more volatility, the more people feel they must pay attention to the market, and hence the more erratic their trades.

Children (and adults) living with HIV AIDS, because of their weakened immune systems, are especially susceptible to the debilitating effects of persistent bouts of diarrhoea.

Weather related events are a major cause of price volatility on agricultural markets.

Ethnic division combined with high levels of unemployment is a recipe for volatility.

In chemistry and physics, volatility is the tendency of a substance to vaporize.

But Volcker has also been a prominent critic of the dangers of currency volatility.

Security problems and disruptions in production also increased price volatility.

Similarly, the Euro VIX, a popular measure of expectations of euro volatility, has fallen significantly.

(iv) Initiate measures that mitigate the impact of excessive volatility of short term capital flows.

But some countries show strong resilience in the face of pervasive violence and volatility.

From the beginning, members of his entourage worried about his volatility and mental balance.

Thus, large banks are likely to continue to hold too little capital and to take excessive risks, raising the prospect of renewed bouts of financial instability.

Agricultural regions already need to become more resilient in the face of increased climate volatility.

Indeed, the year 2009 might even be a milestone marking a new era of volatility.

This has led to heightened volatility in equity, money, and debt markets.

Second, natural resource prices are volatile, and managing this volatility is hard.

But both theoretical and simulation results suggest no obvious decline in volatility.

China s belated bouts of openness about the rural spread of AIDS and the SARS epidemic clearly indicate that the central government regards transparency solely as a matter of expediency.

While not a cause of price volatility, speculation on derivatives of essential food commodities significantly worsens it.

Saddam's regime caused most of the volatility in the oil market in the last 30 years.

Volatility in Asia began to fall only after the financial crisis of the late 1990 s.