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An Analysis of 180 Years of Market Drawdowns

Aug 03 2015

At an event hosted by AXA at their Manhattan offices, Dr Frey was invited to present to the Friends of Institut des Hautes Études Scientifiques (, a paper entitled "An Analysis of 180 Years of Market Drawdowns". The paper focused on a new approach to modelling this process, measuring its stability of over time, and reflected on the significance of the Great Depression and other significant events, the effectiveness of monetary and fiscal interventions, and what investors can learn from a long-term view of economic and financial history.