reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the … implications of procyclical behavior; and (iv) proposes a framework for sound investment practices for long-term investors. Such … procyclical investment behavior is understandable and may be considered rational from an individual institution’s perspective …

asset accumulation appear to have contributed more to post-boom income than those devoted to domestic investment. …

€”sovereign funding shock scenarios (FSS)—to conduct forward-looking analysis to assess sovereigns’ vulnerability to sudden investor …

The prolonged investment decline in post-Asian crisis emerging Asia, in contrast to the swift recovery of economic … growth, has remained a puzzle. This paper shows that the post-crisis investment recession has been mainly concentrated in the …

Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …