finds that higher savings by more frugal households provide an important cushion for the fall in private investment funding. …

empirical evidence for the role of institutions on national savings formation, showing that especially rule of law and low … corruption help in increasing national savings. Chapters four and five look at detailed provisions for payment transfer balances …

investment decisions play with regard to business cycle fluctuations.<br><br>However, the inclusion of real option values in … crisis. Within a partial investment model, two kinds of uncertainty are introduced: volatility and disaster risk. The article … expands the literature by integrating a jump-diffusion process into an entry-exit framework for investment decisions. In …