Savings and the terms of trade under borrowing constraints

Savings and the terms of trade under borrowing constraints

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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.

Bibliographic Details
Main Author: Agenor, Pierre-Richard
Corporate Author: World Bank Institute
Other Authors: Aizenman, Joshua
Format: Book
Language:English
Published: Washington, D.C World Bank [2000]
Series:Policy research working papers / World Bank 2381
Subjects:
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.