However, in a country with a large mass of effective savers, the savings rate can rise, rather than fall. This asymmetry in savings patterns might thus reflect the simple fact that credit-constrained economies are less sensitive to drops in the cost of borrowing relative to less constrained economies.
在宏观层面，一个贷款限制较少（因此拥有大量有效贷款者）的经济体会在贷款增加时出现储蓄减少的情况。然而一个拥有大量有效存款者的国家，存款率会不降反升。这种储蓄模式的不对称可能因此体现出一个简单的事实：限制贷款的经济体相对于较少限制贷款的经济体来说对贷款成本的下降更加不敏感。