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The global financial crisis affected also Polish pension market. Low or negative rate return on pension capital … accumulated in Open Pension Funds led to social disappointment and growth of feeling of social insecurity. Prolonged financial … crisis together with sluggish economic growth forced first reform of Open Pension Funds system in 2011. Second reform was …
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improvement of the non-state pension provision of Ukraine in the system of strengthening social security and preventing the … non-state pension provision in Ukraine and the behavioural aspects of its beneficiaries when choosing a financial … intermediary in the implementation of a new metadata specification based on three areas: banking institutions, non-state pension …
Persistent link: https://www.econbiz.de/10014428879
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these pensions, which, it is often claimed, contrasts with the pension promises made in the private sector. This paper does … not attempt to answer whether public sector pension promises are relatively generous in the UK or elsewhere but instead … aims to provide the bigger picture against which a discussion of public sector pension provision could be held.The origin …
Persistent link: https://www.econbiz.de/10013144535
This paper considers the issue of forecasting financial fragility of banks and insurances using a panel data set of performance indicators, namely distance-to- default, taking unobserved common factors into account. We show that common factors are important in the performance of banks and...
Persistent link: https://www.econbiz.de/10003832732
Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...
Persistent link: https://www.econbiz.de/10003838440
Recently the topic of global warming has become very popular. The literature has concentrated its attention on the evidence of such effect, either by detecting regime shifts or change points in time series. The majority of these methods are designed to find shifts in mean, but only few can do...
Persistent link: https://www.econbiz.de/10009526622
This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of London are grouped into Syndicates in order to undertake insurance liabilities. In this study, the Syndicate is regarded as the counterpart of an insurance company in a regular...
Persistent link: https://www.econbiz.de/10011300255