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Savings Glut or Savings Dearth? at 2006-07-09 19:42:58
Menzie Chinn and Hiro Ito have published some empirical findings that cast doubt on the global savings glut hypothesis propounded by Fed chairman-elect Bernanke and others (hat tip to Econbrowser). Their paper, entitled Current Account Balances, Financial Development and Institutions: Assaying the World ‘Savings Glut,’ attempts to quantify the determinants of current account deficits while
