El ahorro y 1a tasa de interes real en los paises en desarrollo
[Saving and the Real Interest Rate in Developing Countries]
Raising real interest rates has been cited as a way to increase private saving, and thus provide the resources for growth. But this may not be a viable approach in the poorest developing countries in which most people live at subsistence level. In these situations, consumption is not very responsive to fluctuations in real interest rates and financial liberalization my not be the catalyst to higher higher saving rates.
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- Masao Ogaki & Jonathan D. Ostry & Carmen M. Reinhart, 1996.
"Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison,"
IMF Staff Papers,
Palgrave Macmillan, vol. 43(1), pages 38-71, March.
- Masao Ogaki & Jonathan David Ostry & Carmen Reinhart, 1995. "Saving Behavior in Low and Middle-Income Developing Countries; A Comparison," IMF Working Papers 95/3, International Monetary Fund.
- Reinhart, Carmen & Ogaki, Masao & Ostry, Jonathan, 1996. "Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison," MPRA Paper 6978, University Library of Munich, Germany.
- Kaminsky, Graciela L. & Pereira, Alfredo, 1996.
"The debt crisis: lessons of the 1980s for the 1990s,"
Journal of Development Economics,
Elsevier, vol. 50(1), pages 1-24, June.
- Graciela L. Kaminsky & Alfredo Pereira, 1994. "The debt crisis: lessons of the 1980's for the 1990's," International Finance Discussion Papers 481, Board of Governors of the Federal Reserve System (U.S.).
- Reinhart, Carmen & Ostry, Jonathan, 1991. "Private Saving and Terms of Trade Shocks," MPRA Paper 13716, University Library of Munich, Germany.
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