Destabilizing Speculation and the Case for an International Currency Transactions Tax

Challenge, May, 2001 by Thomas Palley

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                             S&P Volatility
      S&P Gained or Lost More  S&P Gained or Lost More
              than 1%                  than 2%
1995             13                       0
1996             38                       3
1997             81                      15
1998             79                      23
1999             92                      23
2000            110                      46
Note: Table made from bar graph
                           NASDAQ Volatility
      Nasdaq Gained or Lost  Nasdaq Gained or Lost
          More than 1%           More than 2%
1995            46                      5
1996            67                     11
1997            84                     18
1998           114                     47
1999           146                     62
2000           200                    146
Note: Table made from bar graph