Demographics and Interest Rates in Asia
| Autor: | Umang Rawat, Jaewoo Lee, Serkan Arslanalp |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Demographics media_common.quotation_subject Population Demographic transition Sample (statistics) 0502 economics and business Openness to experience Economics Population growth Emerging market economies 050207 economics Real interest rate Empirical evidence education Emerging markets 050205 econometrics General Environmental Science media_common 040101 forestry education.field_of_study 05 social sciences 04 agricultural and veterinary sciences Current account Capital account Interest rate Political Science and International Relations 0401 agriculture forestry and fisheries General Earth and Planetary Sciences Demographic economics Finance |
| Zdroj: | IMF Working Papers. 18:1 |
| ISSN: | 1018-5941 |
| Popis: | Demographic developments have been regarded as one important cause of the long-term movement in global interest rates. This paper provides empirical evidence of the relationship between demographics and interest rates over a wide sample of advanced and emerging market economies. It also finds that capital account openness limits the direct sensitivity of a country's interest rates to its own demographics. The results suggest that future demographic developments will continue to apply downward pressure on the interest rates in Asia which foresees a rapid aging. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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