This paper studies the role of insider trading in explaining cross-country differences in stock market volatility. It introduces a new measure of insider trading. The central finding is that countries
Fast scanning Langmuir probes to investigate one-dimensional distribution of edge plasma parameters and their fluctuation characteristics. Head is inserted from top to bottom with about 1 m/s insertio
Uncertainty rises in recessions and falls in booms. But what is the causal relationship? We construct cross-country panel data on stock market returns to proxy for first- and second-moment shocks and