Blau, Benjamin M.; Brough, Tyler J.; Thomas, Diana W. - In: Journal of International Money and Finance 41 (2014) C, pp. 182-196
This paper investigates the link between economic freedom and the price stability of individual securities in a unique setting. Using a sample of 327 American Depositary Receipts (ADRs), we find an inverse relation between the economic freedom of a ADRs' home country and the price volatility of...
