Pensions In Changing Capital Markets

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Pensions In Changing Capital Markets

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Author :
language : en
Publisher:
Release Date : 1993

Pensions In Changing Capital Markets written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Pension trusts categories.

Pensions Policy

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Author : Anthony Neuberger
language : en
Publisher: Centre for Economic Policy Research
Release Date : 2003

Pensions Policy written by Anthony Neuberger and has been published by Centre for Economic Policy Research this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Capital market categories.

David McCarthy and Anthony Neuberger review the research that has been done internationally in the area of pensions policy.

Pension Reform Investment Restrictions And Capital Markets

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Author : Mr.Jorge Roldos
language : en
Publisher: International Monetary Fund
Release Date : 2004-09-01

Pension Reform Investment Restrictions And Capital Markets written by Mr.Jorge Roldos and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-01 with Business & Economics categories.

Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks. Regulatory limits on pension fund investments are assessed in light of these risks and developments in modern portfolio theory. A gradual but decisive loosening of restrictions on equity and foreign investments is recommended. Changes in these regulations ought to be coordinated with measures designed to foster the development of local securities markets as well as with macroeconomic policies.

Pensions Savings And Capital Flows From Ageing To Emerging Markets

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Author : Reisen Helmut
language : en
Publisher: OECD Publishing
Release Date : 2000-05-15

Pensions Savings And Capital Flows From Ageing To Emerging Markets written by Reisen Helmut and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-05-15 with categories.

This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other.

Pension Reform And Capital Market Development Feasibility And Impact Preconditions

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Author : Dimitri Vittas
language : en
Publisher:
Release Date : 2016

Pension Reform And Capital Market Development Feasibility And Impact Preconditions written by Dimitri Vittas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

Private pension funds are neither necessary nor sufficient for capital market development. But if they are subject to conducive regulations, adopt optimizing policies, and operate in a pluralistic structure, they can have a large impact on capital market modernization and development once they reach a critical mass.The link between pension reform and capital market development has become a perennial question, raised every time the potential benefits and preconditions of pension reform are discussed. Vittas asks two questions. First, what are the basic feasibility preconditions for the successful launch of a pension reform program? And second, what are the necessary impact preconditions for the realization of the potential benefits of funded pension plans for capital market development?His main conclusion is that the feasibility preconditions are not as demanding as is sometimes assumed. In contrast, the impact preconditions are more onerous. The most important feasibility precondition is a strong and lasting commitment of the authorities to maintaining macroeconomic and financial stability, fostering a small core of solvent and efficient banks and insurance companies, and creating an effective regulatory and supervisory agency. Opening the domestic banking and insurance markets to foreign participation can easily fulfill the second requirement. The main impact preconditions include the attainment of critical mass; the adoption of conducive regulations, especially on pension fund investments; the pursuit of optimizing policies by the pension funds; and a prevalence of pluralistic structures.Vittas also argues that pension funds are neither necessary nor sufficient for capital market development. Other forces, such as advances in technology, deregulation, privatization, foreign direct investment, and especially regional and global economic integration, may be equally important. But pension funds are critical players in symbiotic finance, the simultaneous and mutually reinforcing presence of many important elements of modern financial systems. They can support the development of factoring, leasing, and venture capital companies, all of which specialize in financing new and expanding small firms.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to study the impact of institutional investing on capital markets. The author may be contacted at [email protected].

Financial Market Trends Ageing And Pension System Reform Implications For Financial Markets And Economic Policies

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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2005-11-16

Financial Market Trends Ageing And Pension System Reform Implications For Financial Markets And Economic Policies 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 2005-11-16 with categories.

This OECD 2005 report, prepared at the request of Deputies of the G10, reviews economic consequences of ageing populations for financial markets and recommends that governments help facilitate development of financial instruments to support retirement savings and pensions.

Pension Reform And Capital Market Development

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Author : Dimitri Vittas
language : en
Publisher: World Bank Publications
Release Date : 2000

Pension Reform And Capital Market Development written by Dimitri Vittas 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 2000 with Capital market categories.

Private pension funds are neither necessary nor sufficient for capital market development. But if they are subject to conducive regulations, adopt optimizing policies, and operate in a pluralistic structure, they can have a large impact on capital market modernization and development once they reach a critical mass.

The New Frontier Investors

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Author : Jagdeep Singh Bachher
language : en
Publisher: Springer
Release Date : 2016-06-29

The New Frontier Investors written by Jagdeep Singh Bachher and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-29 with Business & Economics categories.

Who holds the power in financial markets? For many, the answer would probably be the large investment banks, big asset managers, and hedge funds. These are the organizations that are in the media's spotlight and whose leaders and employees command outsized salaries and bonuses. They are the supposed leading edge of global finance and their power seems almost absolute, even as questions abound about their social and economic utility. But more and more asset owners are confronting the status quo, the power to exact high fees and the focus on the short term. The New Frontier Investors chronicles the rise of this new group of long horizon asset owners that includes some of the world's largest pension funds, sovereign wealth funds, and endowments. These asset owners are driving the business of asset management to a new frontier by retaking responsibility of the end-to-end management of their investment portfolios and by re-conceptualizing investment decision-making. The lessons illustrated in The New Frontier Investors fly in the face of conventional wisdom, which has it that these asset owners are at a disadvantage to the private sector fund managers and other service providers. These asset owners are supposedly not able to attract talent nor do they have the organizational capabilities to compete. That many are located far from the markets in which they invest only exacerbates the problem. But this is incorrect. This expanding group of asset owners is learning how to make the most of their scale and long time horizons, finding new ways to attract talent, to collaborate, and to build greater alignment with the users of capital. They are not at a disadvantage. They are at an advantage. The New Frontier Investors is essential reading for anyone wanting to see a change in global financial markets and the professionalization of asset owners worldwide, from public pension funds and sovereign wealth funds to foundations and endowments. It is thus required reading for the senior executives and employees working in the field of beneficiary institutional investment, as well as government officials and others that have a stake in the design and governance of beneficiary financial institutions and long-term capital.

Pension Funds Retirement Income Security And Capital Markets An International Perspective

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Author : E. Philip Davis
language : en
Publisher:
Release Date : 1995

Pension Funds Retirement Income Security And Capital Markets An International Perspective written by E. Philip Davis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Capital market categories.

This book is essential reading for students and specialists in finance, financial markets and institutions, public policy, macroeconomics, and economic development; for practitioners in the fields of pension funds, corporate finance and institutional investment; and for regulators and policy-makers active in the maintenance and reform of pension provisions in OECD countries, developing countries, and the former Communist states.

Ageing Financial Markets And Monetary Policy

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Author : Alan J. Auerbach
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-11

Ageing Financial Markets And Monetary Policy written by Alan J. Auerbach 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 2013-11-11 with Business & Economics categories.

The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.