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Sovereign Debt Markets in Turbulent Times : Creditor Discrimination and Crowding-Out
Broner, Fernando - 2013
reallocated from the private to the public sectors, reducing investment and deepening the recessions even further. To account for …. This implies that domestic debt purchases displace productive investment. The model shows that these purchases reduce …
Persistent link: https://www.econbiz.de/10014394354
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r-g<0 : can we sleep more soundly?
Mauro, Paolo; Zhou, Jing - 2020
Contrary to the traditional assumption of interest rates on government debt exceeding economic growth, negative interest-growth differentials have become prevalent since the global financial crisis. As these differentials are a key determinant of public debt dynamics, can we sleep more soundly,...
Persistent link: https://www.econbiz.de/10012251299
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Life-Cycles, Dynasties, Savings : Implications for Closed and Small, Open Economies
Faruqee, Hamid - 2000
This paper examines the macroeconomic implications of life-cycle and dynastic saving behavior for closed and small, open economies. Using an extended version of Blanchard’s overlapping agents model, the analytical framework nests these two competing views, treating agents as either dynastic...
Persistent link: https://www.econbiz.de/10014399666
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Public debt dynamics and intra-year exchange rate fluctuations
Acosta Ormaechea, Santiago Leonardo Enrique - 2020
The public sector, in carrying out its operations, often incurs foreign currency denominated liabilities and, as such, is exposed to exchange rate fluctuations that could affect the value of public debt to GDP ratios over time. This paper shows that converting foreign currency denominated flows...
Persistent link: https://www.econbiz.de/10012392652
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Trade and Domestic Financial Market Reform Under Political Uncertainty : Implications for Investment, Savings, and the Real Exchange Rate
Bhattacharya, Rina - 2000
financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when …
Persistent link: https://www.econbiz.de/10014403509
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Saving-Investment Correlations : Immobile Capital. Government Policy or Endogenous Behavior?
International Monetary Fund - 1989
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226
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Interest Rates, Credit Rationing, and Investment in Developing Countries
Nkusu, Mwanza - 2003
This paper examines the impact of interest rates and inflation on bank loans and investment within a framework that … treating the lending and deposit rates of interest as distinct parameters in investment equations. The spread between the two …
Persistent link: https://www.econbiz.de/10014403957
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The Puzzle of Brazil's High Interest Rates
Segura-Ubiergo, Alex - 2012
converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market … countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public … savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil …
Persistent link: https://www.econbiz.de/10014396962
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Targets, Interest Rates, and Household Saving in Urban China
Nabar, Malhar - 2011
This paper studies a panel of China''s provinces over the period 1996-2009 during which urban household saving rates increased from 19 percent of disposable income to 30 percent. It finds that the increase in urban saving rates is negatively associated with the decline in real interest rates...
Persistent link: https://www.econbiz.de/10014398358
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International Evidenceon the Determinants of Private Saving
Masson, Paul R. - 1995
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10014398503