This paper seeks to analyse the major determinants of differences in the domestic savings ratio between countries using panel data for 62 countries over the period 1967-1995. A basic distinction is made between the determinants of the capacity to save and the willingness to save. The capacity to...

The theory of financial liberalisation argues that rising real interest rates induces more saving, investment and economic growth. This hypothesis is tested for Mexico, making the important distinction between financial saving and total saving. It is concluded that any favourable effect of...