Household Savings in Transition Economies
Author:
Publisher: World Bank Publications
Published:
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKPosts
China’s High Savings: Drivers, Prospects, and Policies
Author: Ms.Longmei Zhang
Publisher: International Monetary Fund
Published: 2018-12-11
Total Pages: 38
ISBN-13: 1484388771
DOWNLOAD EBOOKChina’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
Saving for Development
Author: Inter-American Development Bank
Publisher: Springer
Published: 2016-07-08
Total Pages: 352
ISBN-13: 1349949299
DOWNLOAD EBOOKWhy should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must save to build the infrastructure required by a productive economy, provide quality services to their citizens, and assure their senior citizens a dignified, worry-free retirement. In short, countries must save not for the proverbial rainy day, but for a sunny day - a time when everyone can bask in the benefits of growth, prosperity, and well-being. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Income Uncertainty and Household Savings in China
Author: Mr.Marcos Chamon
Publisher: International Monetary Fund
Published: 2010-12-01
Total Pages: 36
ISBN-13: 1455211702
DOWNLOAD EBOOKChina’s household saving rate has increased markedly since the mid-1990s and the age-savings profile has become U-shaped. We find that rising income uncertainty and pension reforms help explain both of these phenomena. Using a panel of Chinese households covering the period 1989-2006, we document that strong average income growth has been accompanied by a substantial increase in income uncertainty. Interestingly, the permanent variance of household income remains stable while it is the transitory variance that rises sharply. A calibration of a buffer-stock savings model indicates that rising savings rates among younger households are consistent with rising income uncertainty and higher saving rates among older households are consistent with a decline in the pension replacement ratio for those retiring after 1997. We conclude that rising income uncertainty and pension reforms can account for over half of the increase in the urban household savings rate in China since the mid-1990s as well as the U-shaped age-profile of savings.
Household Savings in Transition Economies
Author: Cevdet Denizer
Publisher:
Published: 2000
Total Pages: 20
ISBN-13:
DOWNLOAD EBOOKIn Bulgaria, Hungary, and Poland, the higher the relative household income is, the higher the savings rate is. But, surprisingly, savings rates appear to be unaffected by either sector of employment (public or Private) or form of employment. Savings rates are significantly higher for households that do not own their own homes or that own few of the standard consumer durables - possibly because, with no retail credit or mortgage markets, households must save to purchase houses and durables.
National Saving and Economic Performance
Author: B. Douglas Bernheim
Publisher: University of Chicago Press
Published: 1991-05
Total Pages: 408
ISBN-13: 9780226044040
DOWNLOAD EBOOK"... Papers presented at a conference held at the Stouffer Wailea Hotel, Maui, Hawaii, January 6-7, 1989. ... part of the Research on Taxation program of the National Bureau of Economic Research." -- p. ix.
The World Bank Research Observer
Author:
Publisher:
Published: 2003
Total Pages: 300
ISBN-13:
DOWNLOAD EBOOKThe Evidence and Impact of Financial Globalization
Author:
Publisher: Academic Press
Published: 2012-12-31
Total Pages: 807
ISBN-13: 012405899X
DOWNLOAD EBOOKThe sharp realities of financial globalization become clear during crises, when winners and losers emerge. Crises usher in short- and long-term changes to the status quo, and everyone agrees that learning from crises is a top priority. The Evidence and Impact of Financial Globalization devotes separate articles to specific crises, the conditions that cause them, and the longstanding arrangements devised to address them. While other books and journal articles treat these subjects in isolation, this volume presents a wide-ranging, consistent, yet varied specificity. Substantial, authoritative, and useful, these articles provide material unavailable elsewhere. - Substantial articles by top scholars sets this volume apart from other information sources - Rapidly developing subjects will interest readers well into the future - Reader demand and lack of competitors underline the high value of these reference works
Emerging Markets and the Global Economy
Author: Mohammed El Hedi Arouri
Publisher: Academic Press
Published: 2013-12-26
Total Pages: 927
ISBN-13: 0124115632
DOWNLOAD EBOOKEmerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan - Concentrates on post-crisis roles of emerging markets in the global economy - Reports on key theoretical and technical developments in emerging financial markets - Forecasts future developments in linkages among developed and emerging economies
Financial Transition in Europe and Central Asia
Author: Alexander Fleming
Publisher: World Bank Publications
Published: 2001-01-01
Total Pages: 302
ISBN-13: 9780821348147
DOWNLOAD EBOOKThis book contains 21 papers focusing on a wide range of issues concerning financial sector transition in the countries of Europe and Central Asia (ECA). It places the transition economies in the context of recent and prospective developments in global financial markets. This book also evaluates the experience of the last 10 years and reviews the progress from a command financial system to a market-based one, identifying some of the key characteristics of the financial transition.
