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A Noteon Saving-Investment Correlations in the EMS.

This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries exh...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1990
Series:IMF Working Papers
Subjects:
Econometric Analysis
Dynamic Treatment Effect Models
Currency; Foreign Exchange
Balance Of Payments
Long-term Capital Movements
Gold
Diffusion Processes
Exports And Imports
Time Series Analysis
International Economics
Investments: Metals
Exchange Rate Stability
Metals And Metal Products
Cement
Time-series Models
Glass
Commodities
Capital Flows
Foreign Exchange
Conventional Peg
Ceramics
Capital Movements
Dynamic Quantile Regressions
Econometrics
Investment & Securities
Econometrics & Economic Statistics
State Space Models
International Investment
Austria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper extends recent work by Feldstein and Horioka (1980) and Bayoumi (1990), and examines saving-investment correlations for industrial countries in the post-war period. The focus of the enquiry is on differences observed between EMS and non-EMS countries. It is seen that the EMS countries exhibit much lower saving-investment correlations than their non-EMS counterparts. This result supports the hypothesis that exchange rate stability achieved in the EMS has been an important factor in promoting international capital mobility
Physical Description:34 pages
ISBN:9781451949452

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