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Volatility-induced Growth in Financial Markets

Author

Listed:
  • Igor Evstigneev

    (University of Manchester)

  • Klaus Reiner Schenk-Hoppé

    (Institute of Economics, University of Copenhagen)

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.

Suggested Citation

  • Igor Evstigneev & Klaus Reiner Schenk-Hoppé, 2003. "Volatility-induced Growth in Financial Markets," Discussion Papers 03-40, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:0340
    as

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    File URL: http://www.econ.ku.dk/english/research/publications/wp/2003/0340.pdf/
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    References listed on IDEAS

    as
    1. Igor V. Evstigneev & Klaus Reiner Schenk-Hoppé, 2002. "From Rags To Riches: On Constant Proportions Investment Strategies," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 5(06), pages 563-573.
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    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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