Advances in Risk Management

333

1991

0

2,000

4,000

6,000

8,000

10,000

12,000

Indices

1992199319941995199619971998199920002001200220032004

1991

0

2,000

4,000

6,000

8,000

10,000

Indices

1992199319941995199619971998199920002001200220032004

1991

0

2,000

4,000

6,000

8,000

Indices

19921993199419951996199719981999200020012002

CAC4O MIDCAC

DAX SDAX

FTSE 100 SMALL CAP

Figure 17.1Evolution of the stock indices over the studied period