Low interest rates lead to higher private savings in developing countries.
The study looked at how interest rates affect private saving in different countries. They found that in some countries, low interest rates make people save more money, while in others, it doesn't have much of an effect. The researchers also discovered that factors like economic conditions and policies can change how interest rates impact saving. Overall, the study shows that interest rates can influence how much people save, but the effect varies depending on the country and other factors.