Much has been made of the possible impact of OECD macroeconomic policy on financial flows available to developing countries. Specifically, the low domestic savings rates in many countries, together with governments' own demands for funds in credit markets, may have raised the overall cost of funds, "crowding-out" developing countries. This paper reviews some of the evidence and concludes that the crowding-out hypothesis is not likely. While government...
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INFORMATION
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1985/03/31
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Document de travail des services de la Banque mondiale
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SWP727
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1
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1
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2010/07/01
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Disclosed
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Deficits, debt, and savings structure of OECD countries, with trends from 1965 to 1981
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age distribution
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