In this paper we investigate the empirical relevance of two theoretical issues concerning life cycle consumer optimizing behaviour: the possibility of...
The creditors' bargain view of insolvency law argues that solvency state rights should be preserved in insolvency states. It argues that insolvency...
A critical survey of the literature examining the roles of various financial (and commodity) assets in the transactions process is undertaken. The...
The familiar Hall-Jorgenson (1967) approach to measuring the cost of capital considers a perturbation from the optimal path of the capital stock...
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An analytical basis is provided for the conduct of monetary policy in an economy with a completely unregulated banking system. In particular, the...
This paper investigates the effects of pension wealth on households non-pension net worth for an Italian cross-section sample, by estimating a simple...
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