Savings and the Terms of Trade Under Borrowing Constraints
- ISBN-10
- 2705354794
- ISBN-13
- 9782705354794
- Category
- Ahorro
- Pages
- 44
- Language
- English
- Published
- 2000
- Publisher
- World Bank Publications
- Authors
- Pierre-Richard Agénor, Joshua Aizenman
Description
When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings.
