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Finance and Efficiency: Do Bank Branching Regulations Matter?
Acharya, Viral V.; Imbs, Jean; Sturgess, Jason - Institut für Schweizerisches Bankwesen <Zürich> - 2007
primarily from convergence in the volatility of state output growth, rather than in its average. The realized industry shares of …
Persistent link: https://www.econbiz.de/10005858336
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Volatility-induced Financial Growth
Dempster, Michael A.H.; Evstigneev, Igor V.; … - Institut für Schweizerisches Bankwesen <Zürich>; … - 2006
We show that the volatility of a price process, which is usuallyregarded as an impediment to financial growth, can serve …
Persistent link: https://www.econbiz.de/10005858396