Households, financial intermediaries and ultimately even businesses all rely on savings deposits. On the one hand … context. On balance, we find the share of savings deposits in households’ total financial wealth to have remained broadly …, savings deposits constitute a central pillar of precautionary saving; they play an important role in individual saving for old …

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur …'s option value, even after compensating a lender for expected default losses. This non-neutrality of debt arises from an … exogenously given an entrepreneur's use of debt. Intuitively, limited liability lowers downside risk for the entrepreneur by …

In a recent article, Keen resumes the debate with Krugman about the effects of debt upon the economy. It is hard to see …

Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur …'s option value, even after compensating a lender for expected default losses. This non-neutrality of debt arises from an …'s use of debt. Intuitively, limited liability lowers downside risk for the entrepreneur by truncating the lower tail of …

debt which can be used by companies, and that is the bonds credit. So that, after a short presentation of the framework in … which this debt method can be used, there are presented the conditions that have to be fulfilled so that a company could … have access on the bonds market. Then there is briefly presented a parallel between the mechanism of forming the capital …