This page has only limited features, please log in for full access.

Unclaimed
Hejie Zhang
School of Economics and Management, Zhejiang Sci-Tech University, Hangzhou 310018, China

Basic Info

Basic Info is private.

Honors and Awards

The user has no records in this section


Career Timeline

The user has no records in this section.


Short Biography

The user biography is not available.
Following
Followers
Co Authors
The list of users this user is following is empty.
Following: 0 users

Feed

Journal article
Published: 22 August 2021 in Mathematics
Reads 0
Downloads 0

This study constructs a dynamic and open economy model to show that low saving rates are the cause of economic volatility in developed countries, whereas inadequate financial development is identified as the reason for economic volatility in emerging countries. With low saving rates or inadequate financial development, countries find it difficult to avoid economic volatility, because it is difficult to alleviate the financing constraints of firms and maintain the stability of investment. Under similar conditions, economic volatility is more severe in developed countries and has spillover effects by triggering interest rate fluctuations in the global capital market and intensifying economic volatility in other countries. By contrast, emerging countries or small economies do not have spillover effects. To avoid dramatic international economic volatility, emerging countries should prompt financial development, and developed countries should increase their saving rates.

ACS Style

Hejie Zhang; Huiming Lv; Shenghau Lin. Financial Development, Saving Rates, and International Economic Volatility: A Simple Model. Mathematics 2021, 9, 2010 .

AMA Style

Hejie Zhang, Huiming Lv, Shenghau Lin. Financial Development, Saving Rates, and International Economic Volatility: A Simple Model. Mathematics. 2021; 9 (16):2010.

Chicago/Turabian Style

Hejie Zhang; Huiming Lv; Shenghau Lin. 2021. "Financial Development, Saving Rates, and International Economic Volatility: A Simple Model." Mathematics 9, no. 16: 2010.