Saving for Development : How Latin America and the Caribbean Can Save More and Better.
| Main Author: | |
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| Other Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
New York :
Palgrave Macmillan,
2016.
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| Edition: | 1st ed. |
| Subjects: | |
| Online Access: | Click to View |
Table of Contents:
- Intro
- Contents
- List of Tables
- List of Figures
- List of Boxes
- Preface
- Acknowledgments
- Contributors
- 1 Saving for a Sunny Day
- Savings: The Sum of its Parts
- Why Care about National Saving?
- Sharing the Blame for Low Saving
- How to Promote Saving for Development
- Tackle the pension problem
- Focus on infrastructure and capital spending
- Target tax policy better
- Promote household saving and create a savings culture
- Improve productivity growth
- Fix the financial system
- The Many Faces of Saving
- A Policy Agenda for the Future
- Notes
- 2 The State of Saving in Latin America and the Caribbean
- National Saving Rates: Comparatively Low
- The Private Sector: Taking the Lead
- Foreign Savings: A Secondary Actor
- Businesses: The Biggest Savers-Worldwide
- Farewell to the Demographic Dividend
- Too Old to Save?
- Higher Income, Greater Saving
- Lower-Income Savers: Little to Show for their Efforts
- The Bottom Line
- Notes
- 3 Financial Systems to Make Savings Count
- In Financial Systems, Small Is Not Beautiful
- Formal vs. Informal Saving: Quality Counts
- Accounting for the Unbanked
- The Link between Financial Access and Savings: The Case of Mexico
- The Missing Link
- Notes
- 4 More and Better Saving for Productive Investment
- Investment and National Saving: Low, Lower, Lowest
- Financing Investment: No Place Like Home
- For Policy, Which Comes First: Saving or Investment?
- Investment in Infrastructure: First among Equals?
- A Catalyst for Productivity and Growth
- Public or Private Investment: Both Is Best
- The Other Half
- Understanding the Infrastructure Financing Market
- Debt Stands Out
- Infrastructure as an Asset Class
- Institutional Investors: An Untapped Source of Financing
- Building a Better Investment Strategy
- Notes
- 5 Saving for Stability.
- Foreign Financing: A Different Animal
- Risky Business: Absorbing Foreign Saving
- Not All Foreign Saving Is Created Equal
- Different Risks for Different Financial Flows
- Financial Integration Is No Cure
- Safety First
- Notes
- 6 Running Out of Time: The Demographics of Saving
- More Elderly with More Needs
- Facing the Challenge: More and Better Savings
- Fulfilling Promises
- Saving for the Future
- More-and Better-Savings to Enhance Growth
- How Is the Region Preparing for the Future?
- Pension Systems: Not an Option Today
- Plan B: Household Savings in Other Assets
- The Last Resort: Taking Care of Grandma
- Act Today, for a Better Tomorrow
- Notes
- 7 Saving for the Future: Pension Systems
- Newer Systems for Older Populations
- PAYG/Defined-Benefit Systems: Promises, Promises
- Sustainability
- Adequacy and Redistribution
- Institutional Arrangements
- Recommendations
- Defined Contribution Systems: A Work in Progress
- Transition Costs
- Investments, Returns, and Costs
- Retirement Products and Insurance Arrangements
- Financial Literacy, Legitimacy, and Confidence
- Appropriate Regulation and Supervision
- Recommendations
- When All Else Fails: Noncontributory Pensions
- Recommendations
- Pensions Count
- Notes
- 8 A Better Way for Government to Save
- Current vs. Capital Expenditures: Fix the Mix
- Efficiency: A Path to Saving
- Energy
- Social Programs
- Tax Expenditures
- Education and Health
- Education
- Health
- It All Adds Up
- Saving, from the Top Down
- Notes
- 9 Saving Begins at Home
- Constraints to Saving
- Too Hard to Save Formally?
- In the Hearts and Minds of Savers
- Family and Friends First
- A Behavioral Economics Tale
- The Penchant for Instant Gratification
- Inertia and Limited Attention: Not All Bad
- Policy Recommendations: What Really Counts.
- Product Innovation
- Keep It Simple
- Tackle Behavioral Biases
- Incorporate Technology
- Keep Testing
- Bridging the Gap between Informal and Formal Mechanisms
- Getting an Early Start
- Redefining Financial Inclusion
- Notes
- 10 Firm Productivity as an Engine of Saving
- From Japan to the World: The Empirical Link between TFP and Savings
- Incentives to Save
- Quantifying the Link from Productivity to Saving
- The Fine Print
- Zooming in on Firms' Saving Decisions
- Firm Saving: A Way Out for Productive Firms
- A Productive Approach to Policy
- Notes
- 11 Breaking the Vicious Circle: Financial Policies for High-Quality Saving
- Toward a Well-Oiled Financial Machine
- Broadening the Base
- Reducing Service Costs
- Keeping it Simple
- Fostering a Culture of Saving
- Banking-The Old Fashioned Way
- More than Brick-and-Mortar Banking
- Dialing up Technology
- Financial Saving beyond Banking
- Creating a Virtuous Circle
- Notes
- References
- Index.