When the conviction of a bank’s insolvency spreads among its customers, there is a bank run and a massive withdrawal of money from the bank.
▪ Trickle-down theory
Trickle-down theory, or trickle-down economics, is a term for the idea that when more money is given to the rich or less is taken from […]
What is the middle income trap and what is it about? What is responsible for the phenomena referred to as this? In which countries has this phenomenon been […]
What is time preference? What is high and low time preference? Why save and invest? What are the conditions necessary for the investment to be possible? How can […]