Purpose: Walmart achieved extraordinary success and growth in its home country before embarking on a strategy of international expansion. While most of Walmart¹s international expansion efforts were successful, the retailer experienced some challenges in Germany and South Korea, exiting both...

Using a modified money supply and demand model, this study shows that financial deepening, defined as M2/GDP, is positively influenced by the marginal propensity to save, and is inversely related to money velocity. Financial deepening is enhanced when savings increase, while saving propensities...