Savings and the terms of trade under borrowing constraints

Savings and the terms of trade under borrowing constraints

When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings.

Dettagli Bibliografici
Autore principale: Agenor, Pierre-Richard
Ente Autore: World Bank Institute
Altri autori: Aizenman, Joshua
Natura: Libro
Lingua:English
Pubblicazione: Washington, D.C World Bank [2000]
Serie:Policy research working papers / World Bank 2381
Soggetti:
Saving and investment.
Terms of trade.
Saving and investment > Africa, Sub-Saharan.
Saving and investment > Africa, Sub-Saharan > Statistics.
Terms of trade > Africa, Sub-Saharan.