Ben Hamida, Nessrine - Université Paris-Dauphine
instruments. We calculate the volatility in each of these three alternative income metrics for a sample of French banks during … 2005 to 2006, and test the risk-relevance of these different volatility measures. We find that for the average bank, the … volatility of comprehensive income is nearly twice that of net income, and the volatility of full fair value income is nearly …