Do Investment Regulations Compromise Pension Fund Performance
DOWNLOAD
Download Do Investment Regulations Compromise Pension Fund Performance PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Do Investment Regulations Compromise Pension Fund Performance book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Do Investment Regulations Compromise Pension Fund Performance
DOWNLOAD
Author : Pulle Subrahmanya Srinivas
language : en
Publisher: World Bank Publications
Release Date : 1999-01-01
Do Investment Regulations Compromise Pension Fund Performance written by Pulle Subrahmanya Srinivas and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
" "Draconian" regulations have created distortions in asset management, limited opportunities for diversification, and, as a consequence have hampered, the performance of pension funds." This volume shows that the return to retirement assets, expected replacement rates, and, hence, the net welfare gain from pension reform is lower under a draconian regulatory framework than under a more liberal pension fund investment regime. Important policy conclusions of the paper are that existing regulatory regimes should be liberalized as soon as possible to allow pension fund investments in a wider array of financial instruments and that regulations should require evaluation of pension fund performance against market benchmarks as opposed to exclusive focus on comparisons with industry averages. The paper also suggests a review of the current structure of the private pension fund industry in Latin America and an evaluation against alternatives in the light of actual performance experience.
The Effects Of Investment Regulations On Pension Funds Performance In Brazil
DOWNLOAD
Author : Michel Martins de Morais
language : en
Publisher: Editora Dialética
Release Date : 2020-08-19
The Effects Of Investment Regulations On Pension Funds Performance In Brazil written by Michel Martins de Morais and has been published by Editora Dialética this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-19 with Law categories.
Challenges faced by pension funds today include steady increases in life expectancy, frequent changes in the accounting rules, low interest rates and poor equity market returns. It is possible to tackle the difficulties encountered by pension funds not only by raising contributions and/or reducing benefits, but also by improving the way in which pension funds invest. In spite of some changes in the past few years, Brazilian pension funds investment management remains subject to strict constraints. The findings of this study, carried out in 2007, suggest that, even though the results of conducted tests deny, to some extent, the need for further adjustments in investment regulations, concluding this way would not be accurate. There are, in fact, strong reasons to believe that the high interest rates environment experienced over the last years contaminated these results. Furthermore, with a clear downward trend in interest rates, it is possible to imply that, if nothing is done, pension funds will lack flexibility when they need it the most.
Private Pensions Series Private Pension Systems And Policy Issues
DOWNLOAD
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2000-03-30
Private Pensions Series Private Pension Systems And Policy Issues written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-03-30 with categories.
This book provides an overview of recent developments in the private pension systems of four OECD countries (Hungary, Mexico, the United Kingdom and the United States) as well as an analysis of institutional investors in Latin America.
Modern Actuarial Theory And Practice
DOWNLOAD
Author : Philip Booth
language : en
Publisher: CRC Press
Release Date : 2020-12-16
Modern Actuarial Theory And Practice written by Philip Booth and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-16 with Business & Economics categories.
In the years since the publication of the best-selling first edition, the incorporation of ideas and theories from the rapidly growing field of financial economics has precipitated considerable development of thinking in the actuarial profession. Modern Actuarial Theory and Practice, Second Edition integrates those changes and presents an up-to-date, comprehensive overview of UK and international actuarial theory, practice and modeling. It describes all of the traditional areas of actuarial activity, but in a manner that highlights the fundamental principles of actuarial theory and practice as well as their economic, financial, and statistical foundations.
Rethinking Pension Reform
DOWNLOAD
Author : Franco Modigliani
language : en
Publisher: Cambridge University Press
Release Date : 2004-08-02
Rethinking Pension Reform written by Franco Modigliani and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-02 with Business & Economics categories.
This book is unique as it presents an academic and a practical aspect on managing pension funds to clarify the global debate on social security. The authors establish the basic choices in designating any system to help policy makers develop the system that achieves their many objectives. The success of reforms depends on financial innovation to mitigate key risks and some innovations are discussed, which also demonstrates how pension reform choices affect the achievement of retirement objectives. Finally, the authors examine some proposed hybrid options to show how the beneficial features of these hybrids can be captured through good design in a single fund.
Social Security Reform In Advanced Countries
DOWNLOAD
Author : Toshihiro Ihori
language : en
Publisher: Routledge
Release Date : 2002-12-26
Social Security Reform In Advanced Countries written by Toshihiro Ihori and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-12-26 with Business & Economics categories.
Increasingly ageing populations and a slowing rate of growth in the macroeconomy are forcing advanced countries to reconsider their social security programmes. The need for detailed examination of the possible reforms and initiatives has never been greater.This book brings together internationally-renowned scholars to evaluate the effect of recent
The Bridge To A Global Middle Class
DOWNLOAD
Author : Walter Russell Mead
language : en
Publisher: Springer Science & Business Media
Release Date : 2003
The Bridge To A Global Middle Class written by Walter Russell Mead and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
The Bridge to a Global Middle Class compiles a unique series of papers originally commissioned by the Council on Foreign Relations in the wake of the financial crises of 1997-1998. This thought-provoking retrospective culls the views of economists, international financial institutions, Wall Street, organized labor and varying public-interest organizations on the issue of how to fortify our global financial infrastructure. Their effort is the culmination of an 18-month study - The Project on Development, Trade, and International Finance - that seeks to encourage the evolution of middle-class oriented economic development in emerging market countries. In addressing the world economic problems that led to the crises and examining methods to improve the workings of the world's financial markets, they offer ideas, policy recommendations, and suggest the concrete forms these might take, in the drive to transition the world economy toward strategies that offer the developing world an improved standard of living. These papers make a convincing case for middle-class-oriented economic development as the key to global prosperity and stability. U.S. and international policy-makers will find these insightful discussions valuable in forming new policy and providing the appropriate stimulus for economic development in emerging economies.
Financial Sector Policy For Developing Countries
DOWNLOAD
Author : Gerard Caprio
language : en
Publisher: World Bank Publications
Release Date : 2002
Financial Sector Policy For Developing Countries written by Gerard Caprio and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
This book collects ten complementary essays on different aspects of financial sector policy for developing and transitional economies. The essays, by leading theoreticians and practitioners, draw on the history and experience of financial sector policy reforms to derive lessons for the future. The collection is carefully chosen to cover the major contemporary issues, including both crisis avoidance and institution-building. The increasing importance of non-bank finance and of international linkages (including dollarization) for small economies are given special attention.
Institutional Investors In Latin America
DOWNLOAD
Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2000-07-21
Institutional Investors In Latin America written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-07-21 with categories.
This workshop proceedings constitutes a reference work on institutional investment for policy makers and experts in the public sector, actors in the private sector, and academics in both emerging market economies and OECD countries.
The Development And Regulation Of Non Bank Financial Institutions
DOWNLOAD
Author : Jeffrey Carmichael
language : en
Publisher: World Bank Publications
Release Date : 2002-01-01
The Development And Regulation Of Non Bank Financial Institutions written by Jeffrey Carmichael and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Business & Economics categories.
This book aims to create an awareness of the potential of non-bank financial institutions (NBFIs) for developing countries, and to assist policy makers in the creation of coherent policy structures and effective regulatory systems for the development of these institutions. It considers the essential functions and characteristics of non-bank financial institutions and includes chapters on insurance companies, mutual funds and pension schemes, securities markets, and leasing and real estate companies.