War, Peace and Private Portfolios.
During civil wars trading is profitable as markets fragment. Profits may be saved in old form, because investment is too risky. In a successful economic transition to peace these liquid assets are switched into investment. Continuing fears of insecurity, however, may keep portfolios liquid. We consi...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1995
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