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the presence of fire sales, and how fire sales can reduce productive investment. We conclude by showing how asset fire …
Persistent link: https://www.econbiz.de/10012462014
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics … distribution, which support the aggregate and micro-level implications of our theory …
Persistent link: https://www.econbiz.de/10012462256
This paper uses a quasi natural experiment to explore how financial education changes savings, investment, and consumer …
Persistent link: https://www.econbiz.de/10012462386
cryptocurrencies as individual investment opportunities, and as components of optimal portfolios.Design/methodology/approach – The mean … single investment, the best cryptocurrency is Ripple, followed by Bitcoin and Litecoin. Furthermore, cryptocurrencies have a … future presence in investment portfolios.Originality/value – This is one of the first studies that examine the role of …
Persistent link: https://www.econbiz.de/10012844451
This book examines how contemporary financial economy evolved as the predominant economic system, and why unabated accumulation of financial capital takes place in such systems. It reviews the mechanics of accumulation of wealth by tracing the historical roots of financial capital. Traversing...
Persistent link: https://www.econbiz.de/10012845414
each undertake a relation-specific investment and then bargain over the joint surplus generated by the collaboration. The … surplus. The investments of both firms increase with the retailer's market concerns when the retailer's investment is …'s investment is sufficiently important, both firms invest less, and the retailer suffers as a result of its market concerns. From …
Persistent link: https://www.econbiz.de/10012845940
There may be a compelling discontinuity to financial sector development in that banks need to be supported early in development but need to be weakened later - at the expense of bank rents - to foster further development. The important question for policy is when and how to generate and manage...
Persistent link: https://www.econbiz.de/10012749125
both the stock, and flow of long-term financial savings that influence the direction of investment into capital markets in … the economy. This study is carried out to investigate the impact of insurance companies' investment on capital market in … ensure an increase in the investment volume of insurance companies and the deepening of insurance penetration through …
Persistent link: https://www.econbiz.de/10012862993
growth and private investment, respectively. However, given a sample of up to 64 countries from 1981 through 1998, positive … appreciation seems to boost private investment growth in the short-run, but only in rich countries. All in all, these results imply …
Persistent link: https://www.econbiz.de/10012868625
Persistent link: https://www.econbiz.de/10012619651