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it is generally successful in explaining bilateral financial flows. If the pension gap were to be financed through the …
Persistent link: https://www.econbiz.de/10011245351
This Selected Issues paper examines the long-term issues with pension expenditures in the Netherlands. The paper … highlights that the public pension for a single person is equal to 70 percent of the (statutory) minimum wage. The minimum wage … and public pensions thus move in lock-step; they are both by law indexed to contract wages in the private sector. This …
Persistent link: https://www.econbiz.de/10005252658
This Selected Issues paper on Chile assesses the long-term outlook of Chile’s private pension system. The paper …
Persistent link: https://www.econbiz.de/10005591527
This Selected Issues paper reviews developments during 2001–02 in the Belarusian pension system, and discusses … potential short- and medium-term reforms needed to put pension system finances on a sustainable path. The paper presents a short … overview of demographic trends and developments in Belarus and their impact on the pension system. It discusses the financial …
Persistent link: https://www.econbiz.de/10005598852
This Selected Issues paper explores the economic consequences of aging and its impact on long-term fiscal sustainability for Cyprus. The study analyzes the potential macroeconomic impact of different approaches to deal with the fiscal costs of aging. It goes beyond a simple quantification of the...
Persistent link: https://www.econbiz.de/10011243631
The 2006 Article IV Consultation on San Marino explains financial sector development and stability. A wide-ranging reform of the regulatory framework and supervision is under way to modernize the financial sector and make it conform to international standards. Executive Directors encouraged to...
Persistent link: https://www.econbiz.de/10011244177
The key findings of the Czech Republic’s 2010 Article IV Consultation are discussed. Large foreign direct investment inflows fostered trade integration, underpinning an export-led expansion. Higher initial standard of living contained consumption convergence pressures. An improved fiscal...
Persistent link: https://www.econbiz.de/10011244199
This 2006 Article IV Consultation highlights that Italy’s economy is enjoying a broad-based, if comparatively modest, cyclical upswing. Output is estimated to have grown by 1¾ percent in 2006—the strongest pace since the beginning of the decade. Inflation is close to that of the...
Persistent link: https://www.econbiz.de/10011244216
This paper discusses the Financial System Stability Assessment for South Africa, and reviews the Report on the Observance of Standards and Codes on Securities Regulation. The assessment reveals that South Africa’s sophisticated financial system is fundamentally sound and has so far...
Persistent link: https://www.econbiz.de/10011244235
The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs,...
Persistent link: https://www.econbiz.de/10011244270