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.

Detalhes bibliográficos
Autor principal: Agenor, Pierre-Richard
Autor Corporativo: World Bank Institute
Outros Autores: Aizenman, Joshua
Formato: Livro
Idioma:English
Publicado em: Washington, D.C World Bank [2000]
Colecção:Policy research working papers / World Bank 2381
Assuntos:
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.