resulting volatility can induce risk-averse transactors who face transaction costs to desert these markets altogether. Thus … thinness and the consequent price volatility may become joint self-perpetuating features of an equity market, whatever the … volatility of asset fundamentals. If, however, appropriate incentive schemes are adopted to encourage entry of additional …

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 …

Analyzing a variety of cross-national and sub-national data, we argue that high adult mortality reduces economic growth … by shortening time horizons. Higher adult mortality is associated with increased levels of risky behaviour, higher … better health care implies that mortality could be the source of a poverty trap. In our regressions, adult mortality explains …

survey data, we assess six possible explanations for this upsurge in mortality. Most find little support in the data: the … mortality rates. The two factors that do appear to be important are alcohol consumption, especially as it relates to external …