부산대학교 도서관

The article focuses on another of The Conference Board's November 22 round tables. Deputy to the Assistant Secretary for International Affairs, Treasury Department, says "I'm going to raise three key questions and treat each one very briefly. First, is there a worldwide shortage of savings? Let's take a look at the price of capital over the last few years. It's clear from Table 1 that after some period of upward drift, interest rates have risen sharply since 1965 in almost all the major countries." According to Vice President, IBM World Trade Corp., "Until recently, it was far more difficult to tap the foreign branches of U.S. banks, mostly because credit demand has been building in the U.S. but also as a result of the extension of the Interest Equalization Tax to all bank loans with maturities of over one year. The guidelines restricting bank lending abroad have not been a factor in this credit shortage; as of September 30th, U.S. banks were $1.25 billion below their permitted ceiling on foreign loans."