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the use of bank accounts for transactions. The increase in savings is close to double the savings of the treatment over … the 10 month period prior to the intervention, 7 times the savings of the control group over the same period, and a 1 ….6 percentage point increase in the savings rate out of the cash transfer depostis …
Persistent link: https://www.econbiz.de/10012479333
We investigate the role of budget balances, financial development and openness, in the evolution of global imbalances. Financial development -- or the lack thereof -- has received considerable attention as a possible contributing factor to the development of persistent and expanding current...
Persistent link: https://www.econbiz.de/10012465286
, normal economic development is suspended. Moreover, difficult to reverse capital flight puts savings outside the home economy …
Persistent link: https://www.econbiz.de/10012476165
savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and …
Persistent link: https://www.econbiz.de/10012460970
savings and investments were taxed in an arbitrary and unpredictable way, the credibility of a new regime could not be assumed …
Persistent link: https://www.econbiz.de/10012467540
The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012466213
We use data from the Groningen Growth and Development Centre (GGDC) database to perform preliminary empirical analysis of the interplay between quality and quantity of finance in accounting for the output growth of ten sectors. We review the existing literature and some salient open questions...
Persistent link: https://www.econbiz.de/10012457749
Persistent link: https://www.econbiz.de/10000749312
Persistent link: https://www.econbiz.de/10000109281
This paper examines the extent to which permanent terms-of-trade shocks have an asymmetric effect on private savings … in bad states of nature, savings rates will respond asymmetrically to favorable movements in the permanent component of … standard determinants of private savings. The results, based on panel data for non-oil commodity exporters of sub …
Persistent link: https://www.econbiz.de/10012471007