Social and Macroeconomic Uncertainty and Private Savings: A Case Study of a Developing Economy
We examine the effects of various new variables relating to uncertainty and find that “social uncertainty” in the form of increased crime is leading to portfolio substitution from bank accounts towards savings in durable goods and other real assets in a typical low middle income economy of Pakistan....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2016-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354719?publisher=http-www-cag-edu-tr-ilhan-ozturk |