Front Matter

Front Matter

International Monetary Fund
Published Date:
March 1990
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    © 1990 International Monetary Fund

    Library of Congress Cataloging-in-Publication Data

    The Role of national saving in the world economy: recent trends and prospects / by Bijan B. Aghevli . . . [et al.].

    p. cm.—(Occasional paper : no. 67)

    Includes bibliographical references.

    ISBN 1-55775-134-X

    1. Saving and investment. 2. Saving and investment—Developing countries. 3. International economic relations. 4. Economic history—1971– I. Aghevli, Bijan B. II. Series: Occasional paper (International Monetary Fund) : no. 67.

    HC79.S3R64 1990




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    The following symbols have been used throughout this paper:

    • ... to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1987–88 or January–June to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1987/88) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


    This study was prepared in the Research Department of the International Monetary Fund. Its authors are Bijan B. Aghevli, Senior Advisor; James M. Boughton, Advisor; Peter J. Montiel, Assistant Chief of the Developing Country Studies Division; Delano Villanueva, Senior Economist in the Developing Country Studies Division; and Geoffrey Woglom, Professor of Economics at Amherst College, who was serving as Visiting Scholar in the Research Department while working on this project.

    The study benefited greatly from comments and suggestions from Fund colleagues who are too numerous to be all identified, but special mention should be made of Yuzo Harada, who provided substantial input into the study, as well as Tamim A. Bayoumi, Daniel Alan Citrin, Sharmini A. Coorey, and Owen Evans, who prepared excellent background material. In addition, Maurice Obstfeld and Douglas D. Purvis made substantial contributions while they were Visiting Scholars in the Research Department. The paper was edited by Esha Ray of the External Relations Department. The authors alone are responsible for the study; the opinions expressed are theirs and do not necessarily reflect the views of the Fund. The study was completed in August 1989 and reflects developments up to that time.

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