disaster risk shocks, investment funds shed periphery but do not adjust core sovereign debt holdings. The periphery debt shed …We document that compared to all other investor groups investment funds exhibit a distinctly procyclical behavior when … by investment funds is picked up by investors domiciled in the issuing country, namely banks in the short term and …

affects firms' investment decisions. Our results show that uncertainty is negatively correlated with investment. Secondly, it …

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment … (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states … systems as those established in the EU are able to offset the negative impact of unemployment risk on the portfolio …