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We model the motives for residents of a country to hold foreign assets, including the precautionary motive that has been omitted from much previous literature as intractable. Our model captures many of the principal insights from the existing specialized literature on the precautionary motive,...
Persistent link: https://www.econbiz.de/10008528533
A fixed-exchange-rate system is characterized by two pillars: monetary policy coordination and foreign exchange reserves. This paper concentrates on the fluctuation of foreign exchange reserves by taking monetary policy coordination as given: the sustainability of the fixed exchange rate regime...
Persistent link: https://www.econbiz.de/10005281365
We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we find that the ratio of net foreign liabilities to GDP is a significant crisis predictor. This is...
Persistent link: https://www.econbiz.de/10011083620
Has the US dollar delivered the benefits that the rest of the world is expecting from its holdings of international …
Persistent link: https://www.econbiz.de/10011084062
offered financial education. Both programs included a voluntary after-school savings club that provided students with a locked … money box. After nine months, both programs had significant impacts on savings behavior relative to the control group …, mostly because children moved savings from home to school. We observed few other impacts. We do find that financial education …
Persistent link: https://www.econbiz.de/10011249377
expenditure. We find support for these predictions in three field experiments that randomly assign reminders to new savings …
Persistent link: https://www.econbiz.de/10008550318
between factor- and personal-income distribution are studied in the light of existing analytic results from the precautionary-savings … literature, and by numerical solution experiments. Aggregate savings are an increasing function of non-accumulated income …
Persistent link: https://www.econbiz.de/10005124028
savings, investment, and labour supply in neoclassical models, and to the rate of unemployment in job search models. These …
Persistent link: https://www.econbiz.de/10005124394
This paper examines the relative savings position of migrant households in West Germany, paying particular attention to …), our findings reveal significant differences in the savings rates between foreign-born and German-born individuals. These … the determinants of immigrants’ savings rates reveal that intended return migration does not only affect remittances, but …
Persistent link: https://www.econbiz.de/10005124460
to exist. It also predicts where formal insurance is likely to flourish: insurance groups that hold savings become more … Ethiopian funeral insurance groups and their members to motivate and test our model. Those which hold savings and collect …
Persistent link: https://www.econbiz.de/10011096095