This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as … possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic … determinants can be reconciled with microeconomic evidence of the savings behavior of households. Using macroeconomic quarterly …

This paper analyzes and reconciles macro and micro evidence on savings and factors that affect savings, as well as … possible policy implications. At the aggregate level, the main question is how savings are affected by growth and macroeconomic … determinants can be reconciled with microeconomic evidence of the savings behavior of households. Using macroeconomic quarterly …

Despite the sharply increasing remittances in developing countries (especially in the AsiaPacific region), the … relationship between remittances and domestic investment in recipient countries has not been fluently evidenced. This paper aims to … fill the empirical gap in the Asia-Pacific region by investigating the impact of remittances on domestic investment with a …

-- Increasingly export-led growth -- Continuing heavy reliance on external savings -- Comfortable outlook for external debt -- Key …

This book is intended to explain the factors underlying the stellar growth record that has led to Armenia's emergence … detailed background papers. The attribution for the emergence of Armenia as the Caucasian Tiger lies in the creation of an …

Since its independence in 1991 and until prior to the global financial crisis (GFC) in 2008-09, Armenia was considered …) identifies four challenges for Armenia to reinvigorate inclusive growth and resilience. First, with far less supportive external … labor market. Fourth, key vulnerabilities at the macroeconomic, environmental, and microeconomic levels are faced by Armenia …