Demographics and Interest Rates in Asia
Author | : Mr.Serkan Arslanalp |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 2018-07-27 |
ISBN-10 | : 9781484370308 |
ISBN-13 | : 1484370309 |
Rating | : 4/5 (309 Downloads) |
Download or read book Demographics and Interest Rates in Asia written by Mr.Serkan Arslanalp and published by International Monetary Fund. This book was released on 2018-07-27 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.