Abstract
Stagnating development aid and continued reluctance on the part of western commercial banks to grant new loans to problem debtor countries have led many developing countries to pay greater attention to the mobilisation of their own resources. This article outlines a strategy for increasing the extent to which domestic savings are made available for development financing.
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References
See U. Corsepius, B. Fischer: Interest Rate Policies and Domestic Savings Mobilization: A Survey of the Empirical Evidence of Asian Countries, in: Asian Economies, No. 62, September 1987, pp. 45–64.
See for example International Monetary Fund: Interest Rate Policies in Developing Countries, Occasional Paper No. 22, Washington 1983; J. B. Moore, A. H. M. V. Chowdhury: Domestic Savings in Selected Asian Countries, Asian Development Bank, Economic Staff Paper, No. 2, Manila 1981.
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Cf. M. G. Bradley, J. W. Graham: Inflation Risk and Consumer Portfolio Behaviour, in: Quarterly Review of Economics and Business, Vol. 26, 1986, No. 1, pp. 88–94.
Cf. V. Galbis: Financial Sector Liberalization under Oligopolistic Conditions and a Bank Holding Company Structure, in: Savings and Development, Vol. 10, 1986, No. 2, pp. 117–140.
On the prevalence and operation of savings associations in Africa, see M. P. Miracle, D. S. Miracle, L. Cohen: Informal Savings Mobilization in Africa, in: Economic Development and Cultural Change, Vol. 28, 1980, No. 4, pp. 701–724.
See for example M. H. Agabin: Rural Savings Mobilization in the Philippines, in: APRACA (ed.): Mobilization of Rural Savings in Selected Countries in Asia and Pacific, Bangkok 1985, pp. 326–367.
Cf. N. K. Thingalaya: Mobilizing Small Savings in India, in: Development Digest, Vol. 17, 1979, No. 2, pp. 24–34.
See for example H. P. Bürkner: Savings Behaviour and Savings Mobilization in Developing Countries: A Comparative Analysis of the Philippines and Thailand, Sozialwissenschaftliche Studien, Vol. 15, Bochum 1981, p. 169.
Cf. Fischer et al.: Sparkapitalmobilisierung in Entwicklungsländern: Engpässe und Reformansätze, Forschungsberichte des Bundesministeriums für Wirtschaftliche Zusammenarbeit, No. 78, Cologne 1986, pp. 92–94.
A survey of share and bond markets in developing countries is to be found in United Nations Secretariat: Development of Stock Exchanges in Developing Countries, in: United Nations: Savings for Development, Report on the Second International Symposium on the Mobilization of Personal Savings in Developing Countries, New York 1984, pp. 21–35.
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Corsepius, U. Savings mobilisation in developing countries. Intereconomics 23, 30–34 (1988). https://doi.org/10.1007/BF02929965
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DOI: https://doi.org/10.1007/BF02929965