Does Increased International Influence Cause Higher Stock Market Volatility?
基于瑞典数据，研究发现外国对股市的影响呈明显上升趋势，而纯国内因素并未变得更波动，因此股市波动性的趋势性增加可归因于外国影响力的增强。
Increased international financial integration is likely to cause greater market interdependence. This may either reduce volatility or increase it, by adding a new source of noise. Based on Swedish data, the findings in this paper are that foreign influence on the stock market shows a clear, positive trend, while purely domestic factors have not become more volatile. The trendwise increase in volatility on the Swedish stock market can thus be attributed to increased foreign influence.