Does More Financial Development Lead to More or Less Volatility?

Journal Article

Abstract: Since the financial crisis, many have speculated that as a financial sector becomes more developed, volatility can become excessive.

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File(s): File format is application/pdf https://www.stlouisfed.org/~/media/Publications/Regional-Economist/2017/Second_quarter_2017/Financial-Development.pdf
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Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2017

Volume: 25

Issue: 2

Order Number: 4-6