Structural Breakpoints in Volatility in International Markets



0.020 -


-0.010


32


(c)

90-day deposit rate


-0.005 S

0.015

0.010

0.005

0.000

c


-0.015 -


-0.020 j


(d)

180-day deposit rate


Note: The data are daily and were obtained from Bloomberg.




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