Finance & Development articles from June 1990

Finance & Development archives from June 1990

National saving and the world economy.
June 1, 1990... Saving is critically important to help maintain strong and sustainable growth in the world economy, provide external adjustment, and ease the international debt problem. Over the past two decades, saving rates have fallen sharply in many...

Long-term macroeconomic effects of aging populations.
June 1, 1990... An expected increase in the proportion of the elderly in the Populations of the industrial countries will change the nature of these economies drastically in the next three decades. We should see higher aggregate consumption relative to income...

Why has US personal saving declined? (includes related article on measuring personal savings)
June 1, 1990... The drop in the saving rate of the United States in recent Years has stimulated considerable Public discussion. The net national saving rate fell from an average 8.2 percent of the net national Product over 1950-79 to Only 2.4 percent in 1985-89...

Lower birth rates = higher saving in LDCs. (lesser developed countries)
June 1, 1990... Rapid population growth has greatly concerned economists and Policymakers for decades because Of its negative effects on per capita income growth and the economic development of countries. The recent decline of net reproductive rates (NRR) in...

Why saving fell in the Nordic countries.
June 1, 1990... The rate of private saving-that is, the ratio of net private saving to net disposable income-declined in all the Nordic countries during 1984-87, following the recent liberalization of financial markets. Saving developments in these countries...

Why are saving and investment rates correlated across countries?
June 1, 1990... The last decade and a half has witnessed a general deregulation of international capital markets in the industrial world, resulting in the free movement of capital between countries. How does this freedom to borrow and lend between different...

Mobilizing resources for IDA: the ninth replenishment. (International Development Association)
June 1, 1990... On January 30, 1990, the Executive Directors of the International Development Association (IDA) approved a report and a resolution to be sent to the Board of Governors for the adoption of the Ninth Replenishinent Agreement. The IDA 9 agreement...

Managing the debt crisis in the 1990s.
June 1, 1990... The goal of the debt strategy is often described as facilitating the return of debtor countries to normal and voluntary access to the international capital markets. Indeed, with this in mind, creditors interpreted the situation, in the...

Stages in the recovery of Latin America's growth.
June 1, 1990... For Latin America, the final two years of the 1980s have brought about democratic and peaceful transitions, with pragmatism and realism characterizing the platforms of newly elected governments. The opportunity for economic reform has improved,...

The changing role of macroeconomic policies in China.
June 1, 1990... One of the most prominent economic developments of recent times has been the rapid spread of market-oriented reforms in the centrally planned economies of Eastern Europe and Asia. China has been implementing market-oriented reforms for over a...

Why did the Italian stabilization of 1947 succeed?
June 1, 1990... As a rule, disinflation presupposes deceleration in the expansion of credit and money, and confidence in price and exchange rate stability. These developments can be brought about by appropriate policies. Today, as countries in Eastern Europe...

Do African countries pay more for imports?
June 1, 1990... Many empirical studies show that a lack of aggressive competition in domestic markets of industrial countries leads to higher prices, inflated profits, and a less efficient allocation of resources. Intuitively, economists assume this...

The growth of the Korean capital market. (South Korea)
June 1, 1990... The spectacular development of the capital market in the Republic of Korea can be attributed, in part, to persistent government nurturing of both the demand and the supply aspects of finance. The capital market aided growth by providing...

After the metals market boom.
June 1, 1990... The last few years have witnessed remarkable changes in the markets for base, nOnferrous, metals. A long period of extremely low prices and pervasive demand Pessimism has been followed by sharply higher prices and growth of demand. The causes...