emerging markets, their precautionary savings can generate substantial "global imbalances", especially if there is an … at a global level (though the required real interest may be negative). While a precautionary savings glut appears to be a …

emerging markets, their precautionary savings can generate substantial “global imbalances,” especially if there is an … at a global level (though the required real interest may be negative). While a precautionary savings glut appears to be a …