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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
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
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
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
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
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
Throughout the world, policy makers are concerned about the impact that population aging will have on the financial security of households and nations. Key questions include: (1) are the aging, and soon to be aged populations, adequately preparing for old age? and (2) how does financial...
Persistent link: https://www.econbiz.de/10012933265
We measure the effect of governance on sovereign creditworthiness, as measured by sovereign credit ratings. Governance may affect the government's ability to raise tax revenue to service its debt, with poor enough governance leading to insolvency. Data for 1996-2005 indicate that countries with...
Persistent link: https://www.econbiz.de/10014217788
Conventional economic analysis assumes that Central Counterparties (CCPs) may help to reduce systemic risk and avoid future financial crises by mandating the central clearing of over-the-counter (OTC) derivatives. This view largely goes unchallenged by governments, regulators, practitioners, and...
Persistent link: https://www.econbiz.de/10014101938