in The Review of Financial Studies
July 2018; p ublished online April 2018 .
Journal Article. Subjects: International Finance; Macroeconomic Aspects of International Trade and Finance; Economics; Financial Regulation; Macroeconomics and Monetary Economics; Growth and Fluctuations. 15176 words.
We study the effects of stock market volatility on risk-taking and financial crises by constructing a cross-country database spanning up to 211 years...