Where did market volatility go?

In this editorial, published Thursday 5 October by The Korea Herald, former IMF chief economist Kenneth Rogoff says an uneerie calm has engulfed virtually every major asset class, from stocks to bonds.

"Conspiracy theories abound, particularly among the ranks of financial traders, for whom volatility is like wind to a sailor," Rogoff says.

"Yes, the big Asian central banks do sit on almost $3 trillion in assets; China's central bank alone has around a trillion dollars. This gives them a capital

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