The Savings Ratio and Financial Repression in Trinidad and Tobago
This paper investigates the hypothesis financial repression in the context of the Determinates of the private savings ratio in Trinidad and Tobago, using the Multivariate, cointegration time-series methodology. Four alternative proxies are Used to represent financial repression, including the real interest rate, the real interest Rate differential between the world and domestic economy and two alternative Measures of exchange rate misalignment, We find that there is strong evidence to Support the hypothesis of financial repression in Trinidad and Tobago over the sample Period and that financial liberalization may significantly enhance the growth of real Per capita income. [E2, F4, O1]
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Volume (Year): 14 (2000)
Issue (Month): 2 ()
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