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Asia and Pacific > Thailand

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Demographic transition x
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Cover IMF Working Papers
Demographics and Interest Rates in Asia
Mr. Serkan Arslanalp
,
Mr. Jaewoo Lee
, and
Umang Rawat
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.
Keywords:
WP; interest rate; real interest rate; rate of interest; demographics; interest rates; capital account openness; world interest rate; interest rate adjustment; dependency ratio; real interest rate increase; adjustment to saving; interest rate environment; aging speed; Real interest rates; Aging; Demographic change; Long term interest rates; Asia and Pacific; Global
Cover IMF Working Papers
Implications for Savings of Aging in the Asian “Tigers”
Mr. Steven A. Symansky
and
Mr. Peter S. Heller
Significant aging is projected for many high-saving emerging economies of East and Southeast Asia. By 2025, the share of the elderly in their populations will at least double in most of these countries. The share of the young will fall. Aging populations could adversely affect saving rates in these economies, particularly after 2025. For the world, one may observe that, initially, the Asian Tigers could become increasingly important for world savings, reflecting their increased weight in the world economy, their high saving and growth rates, and the aging of the industrial countries. After 2025, the aging of the Tigers may reinforce the tendency toward a declining world saving rate.
Keywords:
WP; saving rate; world saving; household savings data; dependency rate; high-saving country; private sector; Tiger saving; Aging; Asia; saving; savings; demographics; savings imbalance; rate Tigers; savings behavior; Private savings; Public sector savings; Demographic change; East Asia; Southeast Asia; Global