Common scaling behavior in finance and macroeconomics

In order to test whether scaling exists in finance at the world level, we test whether the average growth rates and volatility of market capitalization ( MC ) depend on the level of MC . We analyze the MC for 54 worldwide stock indices and 48 worldwide bond indices. We find that (i) the average grow...

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Veröffentlicht in:	The European physical journal. B, Condensed matter physics Condensed matter physics, 2010-08, Vol.76 (4), p.487-490
Hauptverfasser:	Podobnik, B., Horvatic, D., Petersen, A. M., Njavro, M., Stanley, H. E.
Format:	Artikel
Sprache:	eng
Schlagworte:	Complex Systems Condensed Matter Physics Financial markets Fluid- and Aerodynamics Focus Section on Applications of Physics in Financial Analysis Gross domestic product Laws, regulations and rules Macroeconomics Physics Physics and Astronomy Solid State Physics
Online-Zugang:	Volltext
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