Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low … markets affects macroeconomic volatility. Our research has three main findings. First, we study the relevance of granular … effects: if the degree of market concentration in the banking sector is sufficiently high, idiosyncratic volatility at the …

Macroeconomic volatility, both a source and a reflection of underdevelopment, is a fundamental concern for developing …, microeconomic rigidities, and weak institutions. Volatility entails a direct welfare cost for risk-averse individuals, as well as an … literature on macroeconomic volatility in developing countries, highlighting its causes, consequences, and possible remedies. It …