Financial Deregulation and Household Saving.
An empirical model of the relationship between financial deregulation and household saving is developed and estimated using regional data for the United Kingdom. Financial deregulation is found to be associated with a rise in the sensitivity of household saving to wealth, income, and the real interest rate, as well as being associated with an autonomous fall of 2$71 percentage points in the personal saving rate. Copyright 1993 by Royal Economic Society.
Year of publication: |
1993
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Authors: | Bayoumi, Tamim |
Published in: |
Economic Journal. - Royal Economic Society - RES, ISSN 1468-0297. - Vol. 103.1993, 421, p. 1432-43
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Publisher: |
Royal Economic Society - RES |
Saved in:
Online Resource
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