The elevated rates of national saving in these economies - and, in some, relatively restrained rates of investment - are not likely to persist in the face of ongoing improvements in the functioning of their financial markets, increases in the depth of their product markets, and fuller development of economic safety nets.
Alan Bollard: Easy money – global liquidity and its impact on New Zealand Speech by Dr Alan Bollard, Governor of the Reserve Bank of New Zealand, to the Wellington Chamber of Commerce, Wellington, 15 March 2007. * 1. *  *  What has been happening to global liquidity?