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El ahorro y 1a tasa de interes real en los paises en desarrollo

Saving and the Real Interest Rate in Developing Countries

Carmen Reinhart () and Jonathan Ostry ()

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: consumo; ahorro; tasas; de; interes; liberalizacion; financiera (search for similar items in EconPapers)
JEL-codes: E32 E21 (search for similar items in EconPapers)
Date: 1995-12
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Related works:
Working Paper: Saving and real interest rates in developing countries (1995) Downloads
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