Savings are an import prerequisite of investment and long term growth in a country and the ability of a country to … enter a 'beneficial debt cycle'. The paper analyzes how savings respond to the institutional quality in developing and … transition economies. For a panel of about 60 countries over a time span of 25 years, we show that institutions play an ambiguous …

precautionary savings. Using data from 24 emerging countries for 50 years, we estimate the model and show that both motives matter …

savings against sudden stops. Using data from 24 emerging countries from 1970 to 2017, we estimate the model and show that …