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existing debt. A simulation is conducted on future paths of household saving and fiscal situations to show that the ceiling …
Persistent link: https://www.econbiz.de/10013102193
saving, and focus on whether the interest rate effect is dominated by the income (i.e., negative) or the substitution (i … saving only for a full-country sample and a group of Asian economies. We also examine if low real - or nominal - interest … rates have any impact on the link between the real interest rate and the private saving rate. We find that among developing …
Persistent link: https://www.econbiz.de/10012978514
Individuals in the United States consistently do most of their saving through financial intermediaries, but over time … further alter the pattern of individuals' saving flows. This paper assesses the potential effects on interest rates, and via … saving behavior: additional pension contributions financed by individuals, additional pension contributions financed by …
Persistent link: https://www.econbiz.de/10013248123
After exploring both the crucial role of the interest elasticity of the saving rate in the analysis of a wide variety … consumption and saving have biased the estimated elasticity toward zero, this study presents new estimates of consumption … elasticity of saving …
Persistent link: https://www.econbiz.de/10013321629
declines in the US have been matched by sharp increases for developing Asia and the Middle East. The world saving rate has …
Persistent link: https://www.econbiz.de/10013310208
This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
Persistent link: https://www.econbiz.de/10012773124
. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …
Persistent link: https://www.econbiz.de/10013016009
fund families, not bank dealers, who are the dominant factor in determining the pricing. Moreover, the repo market exhibits …
Persistent link: https://www.econbiz.de/10013016656
We show that maturity transformation does not expose banks to significant interest rate risk|it hedges it. This is due to banks' deposit franchise. The deposit franchise gives banks substantial market power over deposits, allowing them to pay deposit rates that are low and insensitive to market...
Persistent link: https://www.econbiz.de/10012919327
disentangle loan supply from loan demand shift in the bank lending channel' literature. The results, derived from a sample of … in the pass-through on the interest rate on current accounts depends mainly on banks' liability structure. Bank's size is …
Persistent link: https://www.econbiz.de/10013246682