We study the incentives of participants in a real-time gross settlement system with and without the addition of a liquidity-saving mechanism (queue). Participants in our model face a liquidity shock and different costs for delaying payments. They trade off the cost of delaying a payment against the cost of borrowing liquidity from the central bank. The heterogeneity of participants in our model...

Economics needs no special excuse to study the determinants of saving. It is one of those perennial questions always on the agenda. I remember being taught that the Founding Fathers, among them Hume and Smith, had definite views about saving behavior. (I even think I remember being taught that they held a rather sociological theory--thrifty bourgeois merchants, spendthrift hereditary landlords-...

The Department of Surgery, Division of Plastic Surgery, The Ottawa Hospital-Civic Campus, Ottawa, Ontario Correspondence and reprints: Dr Michael SG Bell, 402-1919 Riverside Drive, Ottawa, Ontario K1H 1A2. Telephone 613-739-5424, fax 613-739-7168, e-mail [email protected] When suturing thin skin under significant tension one runs a high risk of somewhat delayed wound healing and increased scar...

Due to increasing water and growing demand for food a more efficient water use system is needed for agriculture. This is more evidence for rice production with a higher water use for economical production. A large cultivar×water regime interaction exists for grain yield in rice. Therefore, information is required to adopt new rice cultivars with high yield potential under water-saving condition...

This article studies the evolution of the private saving rate in India during 1960–95. Its distinctive feature is that it proposes three new measures of private saving, which are incremental improvements to the (naive) national accounts measure. The improvements consist of accounting for capital losses to private net worth due to inflation, including expenditures on durable goods as a form of s...

China is one of the major energy-consuming and carbon-emitting countries. Promotion of efficient energy use is crucial in reducing energy consumption and carbon emission. Under external pressure and realizing the importance of energy conservation, many firms have adopted measures to save energy. Such measures entail active employee participation. However, employees often lack motivation and thu...

We examine the relationship between income growth and saving using both cross-country and household data. At the aggregate level, we find that growth Granger causes saving, but saving does not Granger cause growth. Using household data, we find that households with predictably higher income growth save more than households with predictably low growth. We argue that standard permanent income mod...

BACKGROUND People's behaviors and intentions about healthy behaviors depend on their beliefs, values, and knowledge about the issue. Various models of health education are used in deter¬mining predictors of different healthy behaviors but their efficacy in cultural behaviors, such as water saving behaviors, are not studied. The study was conducted to explain water saving beha¬viors in Yazd, Ira...