First, when futures and spot returns are simultaneously (individually) based on low or high volatility states, the corresponding correlation measure between futures and spot returns is higher (lower).
The EU has recently acknowledged the link between speculation and price volatility, stating that there is a strong correlation between positions on derivative markets and prices of goods in local markets.
Experts warn of volatility in state finances and the broader society as the most highly educated generation in the history of the Mediterranean hits one of its worst job markets.
In an April 18 op-ed piece in The Tallahassee Democrat, Jeb Bush argued that, because of the stock market's volatility, the state pension system should put part of its $12 billion surplus in a fund that would be reserved for a downturn.
He attributes the greater volatility of state tax revenues to the disproportionate growth in capital gains and other non-wage income in the late 1990s.
We do so by considering the stochastic log-volatility (SV) state-space framework.
And that means a new level of uncertainty and volatility here, as state political leaders brace for highly unusual efforts to recall 16 state legislators — an even number of Democrats and Republicans — over their roles in the fight over cuts to collective bargaining.
"The challenges related to narrowing the budget gaps include greater volatility in the state's revenue base, reflecting its increasing reliance on royalty income, expenditure pressures related to the rapid expansion in the state's economy and population, and a weak policy response to the deteriorating financial and debt position," Moody's said.
The characterization of OA chemical composition and mass concentration is limited by analytical challenges arising from the fact that atmospheric OA comprises thousands of compounds with vastly different properties such as oxidation state, volatility, and hygroscopicity [ 7– 9].
In a quarterly financial report filed with the S.E.C. in August, it stated, "volatility in the European sovereign debt markets created occasional dislocations in the cash and repurchase markets for certain short dated securities, providing more trading opportunities".
