I will argue that the main reasons for this difference are smaller role of debt-creating flows in the financing of current account deficits, higher domestic savings
, and--most important of all--the prospect of accession to the European Union (EU) and Economic and Monetary Union (EMU), which provides an important anchor for market expectations and sends a credible signal of countries' commitment to disciplined economic policies.
Data on domestic savings
rate have been collected from Economic Survey of Iran Finally, data for market capitalization has been obtained from statistical bulletins of State Bank of Iran (various issues).
The present government needs to focus the reforms which insure increase in domestic savings
and tax collection- particularly to bring the rich-vested interest group and powerful into tax net.
Murtaza Mughal said that declining foreign investment, slumping domestic savings
, political interference and inefficiency of some financial institutions are also some to be blamed.
The country's AA+ rating draws comfort from its structural strengths, in particular its well-developed, diversified economy with high level of income per capita, high domestic savings
and low private sector debt, the agency said.
On current account deficit, Simsek said that Turkey should increase domestic savings
, reduce energy dependency, focus on production of high value-added goods and services, and increase its manpower to bring down the current account deficit to reasonable levels in the medium and long term.
Mumbai, July 13 (ANI): Finance Minister Pranab Mukherjee on Tuesday said the domestic savings
have always played a major role in Indian economy and therefore there is a need to bring the savings of the people of the unorganized sectors into banking mainstream.
Surplus savings, which are gross domestic savings
less gross domestic investment, represent a country's current account balance.
The latest rating, the third-highest grade, reflects ''Japan's considerable strengths,'' Moody's said in a statement, referring to factors such as the nation's large domestic savings
and its $1 trillion of official foreign exchange holdings.
The seventh 5-year development plan (2006-10) targets at raising the investment rate in the country from 16% to about 24% so as to use domestic savings
to increase capital formation in the country.
Our inability to generate domestic savings
forces our economies to rely on foreign capital inflows for investment .
The increased inflow of foreign savings from the reduction in domestic savings
is shown to have a negative effect on the current account balance.
Then the contribution of all foreign savings to each economy and the share of domestic savings
The guys in the bowler hats have no exposure to exotic instruments, big corporate or non-UK borrowers and so B&B is just a plain, old-fashioned domestic savings
and loan enterprise.
The report said Asian countries need to establish financial systems that redistribute their high domestic savings
into various forms of investment.