La relación ahorro-inversión en el proceco de integración económica y monetaria.

Details

Serval ID
serval:BIB_1898
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
La relación ahorro-inversión en el proceco de integración económica y monetaria.
Journal
Papeles de Economia Espanola
Author(s)
Bacchetta P., Martinez R.
ISSN
0210-9107
Publication state
Published
Issued date
1997
Volume
70
Pages
186-195
Language
spanish
Abstract
In this paper, we review the recent empirical evidence and theoreticallitterature dealing with the relationship between national saving and national investment. We attempt to understand the implications of a deeper economic and monetary integration for a country like Spain. We reach theree main conclusions. First, the increasing degree of capital mobility experienced by Spain will not alterthe basic relationship between national saving and investment. Second, the implementation of fiscal rules similar to those of the Maastricht Treaty may haave important effects and contribute to the weakening of the link between national saving and investment. Finally, such a relationship will become looser if the process of economic and monetary union integration in Europe goes further.
Create date
19/11/2007 9:40
Last modification date
20/08/2019 12:49
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