Anghelache, Gabriela; Armeanu, Dan - In: Theoretical and Applied Economics 9(526) (2008) 9(526), pp. 21-30
As a result of the fact that pension funds are financial intermediaries, the value of their assets and liabilities is influenced by changing conditions in financial markets. The market image of a pension fund (and hence its perceived value) are closely tied to the “financial health” of the...