Investigating volatility patterns for a cluster of developed stock markets including Austria, France, Germany and Spain by using GARCH models

The main aim of this research article is to investigate the volatility patterns for a cluster of stock markets including Austria, France, Germany and Spain by using GARCH models.All the selected stock markets are developed markets from member states of the European Union. The selected financial databases covered the sample period from January 2007 to November 2022 so as to include certain extreme events such as the global financial crisis of 2007-2008 and the COVID-19 pandemic. Our empirical findings revealed the impact of negative shocks on sample stock markets and differentiate returns from the sample period.