00982pab a2200145 454500008004000000100002200040245006900062260000900131300001500140362001000155520059900165650002200764700001600786773003400802180718b2001   xxu||||| |||| 00| 0 eng d  aChaudhuri, Kausik  aVolatility of stock returns: importance of economic fundamentals  c2001  ap.3852-856  a6 Oct  aThis paper investigates the volatility of stock returns in some Asian emerging markets in terms of the volatility of domestic and external factors.  We found that both domestic macroeconomic variables and international variables are found to have explanatory power for stock return volatility.  The evidence strongly suggests the presence of a significant contagion effect and integration of capital markets in this region.  We also document that the role of government in terms of fiscal and monetary policy in the smooth functioning of the stock market is crucial in this region. - Reproduced  aFinancial markets  aKoo, Kyojun  aEconomic and Political Weekly