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

, for the first time, in effect socialised the credit risk of the bank. It is now a fully state-owned bank. Since then …