Blundell-Wignall, Adrian; Roulet, Caroline - In: OECD Journal: Financial Market Trends 2014 (2014) 1, pp. 99-121
Since the 1980s OECD investment-saving correlations – as an inverse measure of economic openness – indicate a very wide disparity of openness between the OECD and emerging market economies (EMEs) with an absence of open markets in the latter. Given the increasing weight of EMEs in the world...