Showing 1 - 10 of 55
The optimal provision of loan guarantees or deposit insurance is examined in the context of an overlapping generations model. It is demonstrated that even in the face of a market imperfection that precludes diversification of the private sector’s loan portfolio to eliminate risk, full...
Persistent link: https://www.econbiz.de/10014395814
A firm theoretical basis for the empirical relationship between dependency rates and savings behavior in developing …, and on the savings responsiveness to changes in the real interest rate …
Persistent link: https://www.econbiz.de/10014395881
This paper examines whether financial deregulation in the 1980s has reduced the importance of liquidity constraints in consumption patterns. Data for six industrialized countries are used to estimate a simple model incorporating liquidity constraints and forward looking behavior. It is concluded...
Persistent link: https://www.econbiz.de/10014396051
Persistent link: https://www.econbiz.de/10009510794
The penetration level of the insurance and pension sectors in Malawi is low, but it seems adequate as compared with other countries in similar stages of development. Concentration and costs are high, the regulatory framework is outdated or inexistent and supervision is weak. An innovative pilot...
Persistent link: https://www.econbiz.de/10012247124
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 …
Persistent link: https://www.econbiz.de/10014400163
This paper reviews and analyzes broad developments and considers specific policy measures to foster saving. The chapter … also describes trends in national saving rates of industrial countries in recent years and briefly discusses the prospects … over the medium term. The paper also discusses the effects of policy measures on national saving and investment. Fiscal …
Persistent link: https://www.econbiz.de/10014399313
-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 …
Persistent link: https://www.econbiz.de/10014399526
The main findings are as follows: (1) an increase in private national saving during 2001-03 was the key contributor to … strengthening in domestic savings and rise in domestic investment permanent, auguring well for accelerated growth within a …
Persistent link: https://www.econbiz.de/10014400063
This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving … non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non …
Persistent link: https://www.econbiz.de/10014396141