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01201nam a2200193Ia 4500 |
| 001 |
10.1016-j.japwor.2019.03.001 |
| 008 |
220511s2019 CNT 000 0 und d |
| 020 |
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|a 09221425 (ISSN)
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| 245 |
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|a Demographics and interest rates in Asia
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| 260 |
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|b Elsevier B.V.
|c 2019
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.japwor.2019.03.001
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|a 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. © 2019 International Monetary Fund
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|a Capital account openness
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| 650 |
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|a Demographics
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| 650 |
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|a Interest rates
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| 700 |
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|a Arslanalp, S.
|e author
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| 700 |
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|a Lee, J.
|e author
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| 700 |
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|a Rawat, U.
|e author
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| 773 |
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|t Japan and the World Economy
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