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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 34 pages 
651 4 |a Austria 
653 |a Econometric analysis 
653 |a Dynamic Treatment Effect Models 
653 |a Currency; Foreign exchange 
653 |a Balance of payments 
653 |a Long-term Capital Movements 
653 |a Gold 
653 |a Diffusion Processes 
653 |a Exports and Imports 
653 |a Time series analysis 
653 |a International economics 
653 |a Investments: Metals 
653 |a Exchange rate stability 
653 |a Metals and Metal Products 
653 |a Cement 
653 |a Time-Series Models 
653 |a Glass 
653 |a Commodities 
653 |a Capital flows 
653 |a Foreign Exchange 
653 |a Conventional peg 
653 |a Ceramics 
653 |a Capital movements 
653 |a Dynamic Quantile Regressions 
653 |a Econometrics 
653 |a Investment & securities 
653 |a Econometrics & economic statistics 
653 |a State Space Models 
653 |a Foreign exchange 
653 |a International Investment 
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520 |a 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