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Among the effects of England's foreign wars during this period were great financial instability and monetary volatility.
She identified a Chinese slowdown, lower commodity prices, monetary volatility – leading to capital outflows from emerging countries to safe havens such as the US and Japan – and the refugee crisis as risk factors.
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"Clear communication on the eventual exit from monetary stimulus will help reduce volatility in global financial markets," the IMF added.
11.03am BST There's likely to be an increase in volatility as UK monetary policy returns to normal, Carney predicts.
Empirical evidence from the non-linear model shows that monetary policy changes increase stock market volatility, even though these monetary policies are often aimed at stabilizing macro-economic activities.
For instance, perhaps the observed breakdown in σ-convergence dynamics can be attributed to intentional suppression of extreme volatility through post-crisis monetary policies.
Some increase in volatility was likely as the monetary stance became less expansionary in advanced countries".
Stevens said that given current conditions, including low inflation and market volatility, "it is appropriate for monetary policy to be accommodative".
TOKYO — The Bank of Japan stood pat on monetary policy Wednesday amid market anxiety over volatility in bond markets, which has threatened to undermine the country's battle to end deflation and stimulate growth in the giant economy.
As long as investors remain convinced that central banks are in control of events, and can adjust monetary policy to avoid recession and inflation, volatility will be low for most of the time.
There has also been quite large volatility in global capital markets recently, and monetary policy tools need to be applied more flexibly".
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