macroeconomic risk, investors reduce direct investment and hold more bank deposits. This ‘flight to quality’ leaves banks flush with … scarce liquidity so as to boost investment …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

investigate investment under imperfect capital markets. Specifically we determine the impact of formal credit constraints on fixed … investment. By controlling for endogeneity problems, we find credit constraints to have a significant negative impact on fixed … investment. In addition, a time trend is significant, which we understand as evidence of the impact of the global financial …

This paper aims to investigate the relationship between financial liberalization on the one hand and saving, investment … investment (although there are some signs to believe that liberalization may actually reduce rather than increase domestic saving …), whereas it is positively associated with private investment, as well as with per capita GDP growth. We find a negative …