Saving and real interest rates in developing countries

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.

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Year of publication:	1995
Authors:	Reinhart, Carmen ; Ostry, Jonathan

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Reinhart, Carmen and Ostry, Jonathan (1995): Saving and real interest rates in developing countries. Published in: Finance and Development , Vol. 32, No. 4 (December 1995): pp. 16-18.
Classification:	O1 - Economic Development ; D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis
Source:	BASE

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