and their implementation, payment systems and private market structures) and its implications for intraday volatility …, quoting activity, trading volume and bid-ask spreads in the overnight deposit segment. Volatility and spreads increase right … volatility and no signs of market power or adverse selection. Spreads and volatility were high at the end of the reserve …

information is incorporated into prices and volatility increases. Public information, in such environments, has the important …

volatility of revenues, have failed to save a sufficiently high proportion of their resource revenues and failed to make high …

-root process. Hyperbolic and quasi-hyperbolic discount factors can significantly increase the volatility of aggregate wealth and …