International Markets and Domestic Savings
The critical importance of saving for the maintenance of strong and sustainable growth in the world economy, for external adjustment, and for the amelioration of the international debt problem is well recognized. Consequently, the declining trend in the saving rates of many countries, industrial as well as developing, has been a major source of concern. This decline has been associated with lower rates of capital accumulation and growth in the world economy.
KeywordsInterest Rate Monetary Policy Capital Market Real Interest Rate Saving Rate
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