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Pension Reform and Macroeconomic Stability in Latin America
Roldos, Jorge - International Monetary Fund (IMF) - 2007
This paper reviews macroeconomic aspects of pension reforms in Latin America, focusing on financial market stability and fiscal sustainability. Concentration of pension fund portfolios in government bonds remains high, and the lack of new investment alternatives has distorted asset prices....
Persistent link: https://www.econbiz.de/10005248326
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Aging, Asset Allocation, and Costs; Evidence for the Pension Fund Industry in Switzerland
Weber, René; Gerber, David S. - International Monetary Fund (IMF) - 2007
This paper focuses on the nexus between pension funds' balance sheet liabilities, reflecting their age profile and payments obligations, and the investment behavior and costs of these funds. The context of the analysis is the stringent regulatory framework and the highly fragmented and...
Persistent link: https://www.econbiz.de/10005825621
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Insurance Companies in Emerging Markets
Kong, Janet; Singh, Manmohan - International Monetary Fund (IMF) - 2005
This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest...
Persistent link: https://www.econbiz.de/10005825993
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Pension Funds and Emerging Markets
Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2004
This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it assesses how pension funds in emerging markets have...
Persistent link: https://www.econbiz.de/10005605118
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Investment Objectives of Sovereign Wealth Funds; A Shifting Paradigm
Petrova, Iva; Pihlman, Jukka; Kunzel, Peter; Lu, Yinqiu - International Monetary Fund (IMF) - 2011
While SWF investment objectives to some extent reflect inherent characteristics, notable differences in strategic asset allocation (SAA) exist even amongst SWFs of similar types. Even so, this paper shows that the global crisis may have changed SWF’s asset allocations in ways that may not...
Persistent link: https://www.econbiz.de/10008839332
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Republic of Poland; Financial Sector Assessment Program-Technical Note-Competition and Performance in the Polish Second Pillar
International Monetary Fund (IMF); International … - 2007
This technical note for the Republic of Poland on competition and performance explains the Polish pension system and domestic capital market. Competition policies may need to be reviewed, in particular the combination of measures to maintain small pension funds operating while imposing strict...
Persistent link: https://www.econbiz.de/10011243156
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Emerging Markets in Transition: Growth Prospects and Challenges
Cubeddu, Luis M.; Culiuc, Alexander; Fayad, Ghada; Gao, Yuan - International Monetary Fund (IMF) - 2014
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
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Economic Diversification in the GCC: Past, Present, and Future
Callen, Tim; Cherif, Reda; Hasanov, Fuad; Hegazy, Amgad; … - International Monetary Fund (IMF) - 2014
economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs … limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the … economies—fixing these incentives is the “missing link†in the GCC countries’ diversification strategies. At present …
Persistent link: https://www.econbiz.de/10011245892
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Global Risks and Collective Action Failures: What Can the International Community Do?
Otker-Robe, Inci - International Monetary Fund (IMF) - 2014
Abstract What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...
Persistent link: https://www.econbiz.de/10010959476
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Kingdom of the Netherlands; Netherlands: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by...
International Monetary Fund (IMF); International … - 2007
The 2007 Article IV Consultation with the Kingdom of the Netherlands explains fiscal policy and financial sector issues. Improvements in the macroeconomic and business environments and technological innovation have contributed positively to Dutch competitiveness. Executive Directors emphasized...
Persistent link: https://www.econbiz.de/10011244152