Saving Private Money

Saving money, saving lives.

In 1996, Duke Children's Hospital was in serious trouble. Its $11 million annual operating loss had forced administrators to make cutbacks. As a result, some caregivers felt that the quality of care had deteriorated. Parents' complaints were on the rise. Frustrated staff members were quitting. In this article, Jon Meliones, DCH's chief medical director, candidly describes how his debt-ridden ho...

Private Money

A random matching environment is constructed where banks mitigate a mismatch between the timing of investment payo¤s and when agents wish to consume. Claims on banks may serve as media of exchange, i.e. private money. Two problems can emerge with private money. First, there may exist welfaredominated equilibria where banks hold low-return assets. Second, private media of exchange may be subject...

Saving money through eDi integration

Saving money by spending more.

Private Saving in Colombia

The aim of this paper is to understand the determinants of private saving in Colombia and to evaluate the main hypothesis of the sharp decline in the private saving rate observed in the 1990s.There are three main results. First, the fall of the private saving rate had little impact on the level and composition of aggregate demand. Second, total private saving is not determined by corporate beha...