Search Results for Precautionary Demand

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Over the last two decades, cash holdings in nonfinancial firms around the world have increased....

Why have emerging market economies (EMEs) been stockpiling international reserves? We find that...

Financially closed economies insure themselves against current-account shocks using international...

This paper explains why the debt reduction motive for countries that are subject to borrowing...

We study the effects of permanent and temporary income shocks on precautionary saving and...

Heightened uncertainty since the onset of the Great Recession has materially increased saving...