波动性驱动的金融增长

Volatility-induced financial growth

Quantitative Finance · 2007
被引 37
ABS 3

中文导读

通常被视为金融增长障碍的价格波动性,实际上可以成为加速增长的内生因素。

Abstract

We show that the volatility of a price process, which is usually regarded as an impediment to financial growth, can serve as an endogenous factor in its acceleration.

金融经济学波动性金融系统