Bandiera, Oriana; Gerard Caprio Jr.; Honohan, Patrick; … - Department of Economics, Boston College - 1998
housing finance, might also work to reduce private savings rather than increasing them. Furthermore, the long-term effect of … liberalization on savings may differ substantially from the impact effect. Using Principal Components, we construct a 25-year time … rely on an increase in private savings as the channel through which financial liberalization can be expected to increase …