Generate response to the question/instruction based on a piece of given material

Question/Instruction: Could you paraphrase the main arguments presented in "Why Aren't Savings Rates in Latin America Procyclical?"

Given material: Do Stock Market Liberalizations Cause Investment Booms?
Are Regional Trading Blocs "Natural"?
Why Aren't Savings Rates in Latin America Procyclical?
What Accounts for the Variation in Retirement<br> Wealth Among U.S. Households?
The Overborrowing Syndrome: Are East Asian Economies Different?
This prompt doesn't seem malicious.