The credit crisis has reduced the funding ratios of Dutch pension funds to a historical minimum. Pension funds now face two challenges. The first is to timely restore funding ratios to safe levels without jeopardizing labour market conditions that also have worsened because of the crisis. The...

Latin America has a rich history of financial crises. However, it was relatively unharmed by the 2007-2009 Global Financial Crisis (GFC). This paper investigates why, and in particular the role of commodity prices and its institutional framework - in line with the fourth generation financial...