Recent volatility reinforces this temptation. If Asian countries succumb, global imbalances and all their associated problems will return.

But the passage of recent constitutional reforms by the Legislative Yuan illustrates the continuing volatility of the situation.

Unfortunately, the recent demonstration of the volatility of global financial markets only encourages the tendency to stockpile reserves.

Recent market volatility has been partly a response to the apparent rise in the downside risk of policy paralysis or denial.

The growth slowdown is a much greater concern than the recent asset price volatility, even if the latter grabs more headlines.

Recent global economic trends called for major policy initiatives, for example for export diversification, investment in infrastructure and control of price volatility.

The emergence of the indigenous population (approximately 25 ) as an active constituency has added to the democratic volatility of the country in recent years.

(e) Price volatility

In recent decades, however, macroeconomic policy in most developing countries has become more pro cyclical , largely exacerbating the volatility of international financial markets and commodity prices.

Where Did Market Volatility Go?

Recent global financial turmoil has only added to Africa s allure, because its frontier markets are less vulnerable to international volatility than are most of the world s more familiar emerging economies.

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

One apparent consequence is extreme price volatility.

Surely, today s low volatility is partly cyclical.

The crises in East Asia and the recent recessions in Latin America show that premature capital market liberalization can result in enormous economic volatility, increasing poverty, and destruction of the middle class.

OXFORD Recent evidence suggests that much of the world has entered a period of low financial market volatility. But this is no time for complacency more turbulent times are likely to lie ahead.

Indeed, there is volatility just beneath the surface.

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.

It should also reduce the high levels of exchange rate volatility a tax on international specialization, as the economist Charles Kindleberger once put it that we have seen in recent years, including among major currencies.

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.

Security problems and disruptions in production also increased price volatility.

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

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

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

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

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

Unemployment is now running at over 40 in Kosovo and breeds political volatility.

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

The more energy efficient one is, the lower one s vulnerability to price volatility.

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.

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

The aim should be to avoid volatility and to ensure stability and fairness.

Fortunately, there is little reason to believe such dire predictions, or that the market gyrations that have been driving recent headlines represent anything more than short term volatility. After all, equity price movements are a poor predictor of the real economy s performance.

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

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

The authorities have tolerated somewhat greater volatility in domestic inflation rates as a consequence.

Thus, when volatility spikes and liquidity dries up, those same banks scramble for dollars.

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

Normal financing is not forthcoming. Only grants from the US will reduce output volatility.

One would hope that his removal would reduce market volatility and stabilize oil prices.

Immense market volatility serves only to reinforce people s sense that something is really wrong.

There will always be foreign short term flows that can increase a currency s volatility.