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households portfolio optimizations. The model shows that the more risk-averse households are, the more likely a bank is to reduce …
Persistent link: https://www.econbiz.de/10015262012
The purpose of this paper is to develop an experimental model which links inter-institutional flow of funds to real macroeconomy and then to estimate quantitatively the effects of changing scale of postal savings or government financial institutions on GDP. The empirical analysis indicates that...
Persistent link: https://www.econbiz.de/10005773325