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savings, particularly corporate savings. Beginning in the mid-2000s, liquidity was further amplified by massive capital flows … development. Yet, these two types of capital flows are also the most volatile. The surge of inflows in the midst of excess savings …
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.e., Asian savings flight to the US) was one of the major effects resulting in booming US house prices, it is clear that a …
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The authors describe the various ways in which the financial market crisis might affect workers, pension funds and governments. In 2008 the impact of the stock market decline on global pension assets was substantial (roughly 40 per cent, according to the authors' estimates for the G20...
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