All five South Asian countries (India, Pakistan, Bangladesh, Sri Lanka and Nepal) have been following consistent economic reform policy measures emphasizing the market economy and aimed at integrating their economies with the rest of the world. Consequently, all except Pakistan have experienced...

Given the limited capital flows to developing countries in South Asia, domestic savings is the primary source of investment and growth. Financial sector development and access to financial institutions are important determinants of savings ratios in developing countries. In this context, we...