An Empirical Analysis of Volatility Effect of International Financial Market based on MSV Model

摘要

The fluctuations in the International Financial Markets (IFM) are mutually reinforcing, and they truly show the characteristics of the fluctuations of the IFM. Previously, theories and methods of general economic contrasting construction are based on static floating effects, and there is no way to fully and truly reflect the objectively fluctuating effects among IFM. In 1982, the famous American economist Robert pioneered the ARCH theory of the heteroscedasticity of the auto-regression conditions for the first time. Since then, there have been rapid changes in the scope of the theory of volatility between IFM. More and more financial market fields have gradually evolved from their configurations.