East Asia and Global Imbalances: Saving, Investment, and Financial Development
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Paper prepared for the 18th Annual NBER-East Asian Seminar on Economics, "Financial Sector Development in the Pacific Rim," Singapore Management University, on June 22-24, 2007, organized by Takatoshi Ito and Andy Rose. We thank the discussants, Edwin Lai and Edward Robinson, and the conference participants, for their comments. The financial support of faculty research funds of the University of Wisconsin, Madison and Portland State University is gratefully acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.