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The paper surveys the major economic, financial, and administrative issues that confront social security systems in Latin America. The larger systems have contributed substantially to public sector financial disequilibria. Expenditures of the younger systems with more limited coverage could...
Persistent link: https://www.econbiz.de/10014396279
It is shown that the inefficiencies created by the “soft” budget constraint, enjoyed by enterprises in Eastern Europe and elsewhere, will continue so long as governments are unable credibly to threaten not to bail out loss-makers. Commitment to a “hard” budget constraint can best be...
Persistent link: https://www.econbiz.de/10014396100
This paper considers the implications of the prospective aging of the U.S. population for the social security system and concludes that the large and growing cashflow surpluses of the social security trust funds should be saved to help insulate living stands against this change. A number of...
Persistent link: https://www.econbiz.de/10014396207
This assessment is focused on the Superintendencia de Seguros de la Nacion (SSN) in Argentina. SSN has responsibility …
Persistent link: https://www.econbiz.de/10012247696
This assessment finds that Argentina has made significant progress to improve its securities regulatory system within … the existing legal framework. Specifically, Argentina operates a highly, even uniquely, transparent securities regulatory … regulation was conducted between May 11 and May 26, 2011 in Buenos Aires, Argentina and includes references to certain post on …
Persistent link: https://www.econbiz.de/10012247697
The Central Bank of Argentina (BCRA) and the Superintendence of Financial Entities (SEFyC) are to be commended on their …). This assessment of the state of compliance with the Basel Core Principles (BCPs) in Argentina has been undertaken as part …
Persistent link: https://www.econbiz.de/10012247698
The financial system in Argentina experienced substantial changes. Capital adequacy and liquidity indicators are strong …
Persistent link: https://www.econbiz.de/10014402323
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014403125
This paper examines Argentina’s Second Review Under the Stand-By Arrangement and Requests for Modification and Waiver …
Persistent link: https://www.econbiz.de/10014404717
Good progress has been made in stabilizing the economic and social situation since the crisis. Fiscal adjustment over a prolonged period will bring the public finances to a sustainable path. To protect social expenditures and allow higher public investment, a comprehensive tax reform is...
Persistent link: https://www.econbiz.de/10014406513