This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …

, the limited tools available to policymakers to affect savings are discussed. Finally, the extent to which recent tax …

This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …

among the factors that have contributed most to delaying the private sector’s investment response and preventing a …

This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …

resources, including the mobilization of savings to finance domestic investment … over the medium term. The paper also discusses the effects of policy measures on national saving and investment. Fiscal …

-term savings funds but due to low remuneration and other factors usage has remained limited. The paper also argues that regional … savings in the form of reserve accumulation must be sufficient to ensure the stability of the common currency. While the … country-specific savings decisions and the setting of a regional reserve target. Strengthening and diversifying reserve …