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....

This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional investors transit shocks to the rest of the financial sector and economy. The crisis has re-ignited the...

Presents an overview of developments in the region's social protection systems over the course of the 1990s, with particular stress on problems concerning old-age, disability and survivors' pension provisions.

Contemporary pension systems consist of more pillars and are administered also by very different providers. Corresponding governance systems are also very different, reacting to different interests of stakeholders pushing through their interests. In the interest of alignment of these interests...

In defined benefit pension plans, allowances are independent from the financial performance of the fund. And the sponsoring firm pays regularly contributions to limit deviations of fund assets from the mathematical reserve, necessary for covering the promised liabilities. This research paper...

In this report we discuss the factors driving the growth of the global financial sector that are considered by many authors (e.g. Toporowski,1999 and Orhangazi, 2008) to have precipitated the financial crisis of 2007-2008. Our analysis focuses on the behavior of the different types of financial...

This paper discusses the range of factors that can stimulate the further development of the domestic institutional sector through pension system reform measures. The development of the institutional sector in emerging market economies is compared with the experiences of OECD countries. The focus...

В статье проведен анализ динамики объема пенсионных накоплений, выявлены проблемы инвестирования этих средств и разработаны предложения, способствующие...

Специфической особенностью ситуации в постсоветской России было и до сих пор остается отсутствие единой и четко выверенной стратегии в социальной сфере, что...

Целью исследования было выявление факторов, влияющих на характер государственного регулирования инвестиционной деятельности пенсионных фондов. Предметом...