Volatility-induced Growth in Financial Markets

Igor Evstigneev and Klaus Schenk-Hoppé

No 03-40, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: We show that the volatility of prices, which is usually regarded as an impediment for financial growth, may serve as a cause of it.

JEL-codes: G11 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2003-08
New Economics Papers: this item is included in nep-cfn, nep-fin, nep-fmk and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0340

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