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Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which international debt investments are related to the financial and social performances of MFIs. We find that commercial investments are mainly related to financial performance and level of...
Persistent link: https://www.econbiz.de/10012973765
The last weeks of 2018 have set new records in net new institutional investment flows into infrastructure funds, with more generalist private equity and investment management players joining this strategic asset class par excellence, as the trend is likely to continue well into 2019 – 2020.The...
Persistent link: https://www.econbiz.de/10012893883
The sixth annual World Pensions Forum was held on 23-24 February 2017 at the Queen's House in the Royal Borough of …
Persistent link: https://www.econbiz.de/10012860338
This paper examines the mechanism of financial globalization and the preconditions needed for its operation, from the aspect of financial development. Using data on financial globalization and financial development from 16 OECD countries during the period of 1988 to 2001, this paper also...
Persistent link: https://www.econbiz.de/10013237717
over the function of providing pensions. They find that state provision crowds out private provision and places a … that are imposed on the private sector and which make pensions incomprehensible. Furthermore, as the authors show, the … ageing populations may make meaningful reform of government pensions programmes impossible, as 'grey' electors flex their …
Persistent link: https://www.econbiz.de/10013158842
pensions in the UK by discussing how pension systems outside the UK have been affected by the economic and financial crisis … in the case of pay-as-you-go state pensions and defined-benefit occupational pensions, theory would suggest that the … countries in the realm of pensions since the onset of the crisis in the second half of 2007. These countries have been chosen as …
Persistent link: https://www.econbiz.de/10013144536
from Turkey and India, developing countries rank low due to low spending on the old (pensions, health care) and the young …
Persistent link: https://www.econbiz.de/10011524903
Higher fertility slowly increases the workers-to-retirees ratio over the long run, which can ease the pension financing challenge brought about by population aging. It may or may not increase production per capita. Existing simulation studies all find a positive impact on public finances over...
Persistent link: https://www.econbiz.de/10012813390
Economists have long argued that introducing social insurance will reduce fertility. The hypothesis relies on standard models: if children are desirable in part because they provide security in case of disability or old age, then State programs that provide insurance against these events should...
Persistent link: https://www.econbiz.de/10012489339
This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance transmission channel. At the theoretical level, we develop a simple dynamic general equilibrium model in which financial intermediaries make portfolio decisions on behalf of...
Persistent link: https://www.econbiz.de/10010264401