The failure of Lehman Brothers in 2008 was the largest bankruptcy in US history. Financial markets did not respond well to the news of this bankruptcy filing as the Dow Jones Industrial Average (DJIA) declined by more than 500 points by the end of the trading session that day. We identify key...

We examine the relationship between investment and saving for a cross section of European countries before and during the euro crisis. As has historically been found, investment is positively and significantly related to saving. This relationship shows evidence of being stronger during the...

Biofuel production from renewable biomass has experienced increased interest in order to reduce U.S. dependence on imported oil and reduce carbon emissions. Concerns regarding cost efficiency and environmental problems result in significant challenges that hinder the increased biofuel production...