Rate of Interest, Financial Liberalization & Domestic Savings Behavior in Pakistan
نویسندگان
چکیده
منابع مشابه
Financial Repression and Interest Rate Liberalization in China
China has been experiencing financial repression for a long time. The main feature of this repression is a regulated interest rate system. This results in private firms’ low likelihood of getting money from the official banking system, and at the same time seeded the emergence of the shadow banks, which introduces uncontrollable risks into the Chinese economy. Also, other policy goals, such as ...
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Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth had been explained to a large extent by differences in the rate of savings which also determine a country’s investment in productive capacity, developing human ...
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متن کاملFinancial Liberalization
Financial liberalization has led to financial deepening and higher growth in several countries. However, it has also led to a greater incidence of financial crises. Here, we review the empirical evidence on these dual effects of financial liberalization across different groups of countries. We then present a conceptual framework that explains why there is a trade-off between growth and incidenc...
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Shadow banking in China is mainly conducted by banks to evade the excessive credit control, which constitutes a dual-track approach to liberalize the country’s rigid interest rate policy. The market track of shadow banking can lead to efficiency gain by allowing credit resale to fund the more productive yet credit-deprived private enterprises (PEs). Pareto improvement can be achieved as the ban...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2010
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v2n4p75