AN EMPIRICAL STUDY ON THE LONG-TERM BEHAVIOR OF THE GERMAN STOCK MARKET

Abstract

The major objective of this research article is to examine the long time behavior of the developed stock market in Germany. The empirical framework includes statistical tools and econometric techniques while considering the selected time period from January 2007 to November 2022. The empirical results provides additional evidence to the literature regarding the long-term behavior of the stock market in Germany including considering the impact of extreme events such as the global financial crisis and the COVID-19 pandemic.

Keywords

• stock market
• volatility
• returns
• descriptive statistics
• skewness
• kurtosis
• fat-tailed distribution
• globalization