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Institutional Investors and Long-Term Investment : Evidence from Chile
Raddatz, Claudio E. - 2017
Developing countries are trying to develop long-term financial markets and institutional investors are expected to play a key role. This paper uses unique evidence on the universe of institutional investors from the leading case of Chile to study to what extent mutual funds, pension funds, and...
Persistent link: https://www.econbiz.de/10012973109
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Deconstructing Herding : Evidence from Pension Fund Investment Behavior
Raddatz, Claudio E. - 2017
Pension funds have been expected to invest in a wide range of securities and provide liquidity todomestic capital markets since they are the most sophisticated investors, with plenty of resources to gather private information and manage portfolios professionally. However, by analyzing unique,...
Persistent link: https://www.econbiz.de/10012975931
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Pension Funds and the Impact of Switching Regulation on Long-Term Investment
Pedraza, Alvaro - 2017
This paper looks at the impact of members' ability to switch pension fund provider and /or portfolio on the allocation of pension funds to long-term investments. The level of annual turnover in pension fund portfolios was compared with the amount of short-term investments (using government...
Persistent link: https://www.econbiz.de/10012951502
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Savings, Financial Development, and Economic Growth in the Arab Republic of Egypt Revisited
Hussein, Khaled - 2017
Private savings play a pivotal role in financing development and sustaining growth. Recently, there have been many … theoretical developments that underpin key determinants of savings behavior, many of which merit empirical investigation …. Understanding the dynamics of the determinants of savings is crucial to inform economic policy and devise reform programs. This …
Persistent link: https://www.econbiz.de/10012959137
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Sources of Volatility in Small Economies
Hnatkovska, Viktoria - 2018
paper shows that small developing countries are more prone to domestic output shocks, while shocks to the world interest …
Persistent link: https://www.econbiz.de/10012912304
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Pension Risk and Risk-Based Supervision in Defined Contribution Pension Funds
Randle, Tony - 2017
Defined contribution pension systems have faced criticism in the wake of the financial and economic crisis for not delivering adequate and sustainable pension incomes at retirement. Much of the problem has centered around the misalignment of pension fund management companies and the interests of...
Persistent link: https://www.econbiz.de/10012973389
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On the Impact of Demographic Change on Growth, Savings, and Poverty
Cruz, Marcio - 2017
estimates the association between changes in the share of working-age population with per capita growth, savings, and poverty … gross domestic product per capita growth by more than one percentage point, with similarly positive effects on savings and …
Persistent link: https://www.econbiz.de/10012968199
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Finance and Growth : Schumpeter Might Be Right
Drebentsov, Vladimir - 2017
Joseph Schumpeter argued in 1911 that the services provided by financial intermediaries - mobilizing savings …
Persistent link: https://www.econbiz.de/10012746925
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Financial Development, Exchange Rate Regimes, and Growth Dynamics
Kassa, Woubet - 2018
This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...
Persistent link: https://www.econbiz.de/10012912272
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Financial Sector Policy in Practice : Benchmarking Financial Sector Strategies Around the World
Maimbo, Samuel Munzele - 2017
paper examines and rates financial sector strategies around the world based on how well they formulate development targets …
Persistent link: https://www.econbiz.de/10012973597