In a previous paper we emphasised the changing national and international accounting standards used to measure net pension liability. Beginning with the implications of this analysis for the financing of German employer-sponsored pensions, in this paper we focus upon the internal management of...

For some, global finance is ubiquitous and penetrates into every corner of the world. In this case, the growth of advanced electronic communications coupled with top-down investment strategies has provided institutional investors entry into even the most sheltered of capital markets including...

If its prospects were doubted in the early 1990s, London is now the preeminent international financial centre. It dominates its European rivals, and is joined with New York in a non-stop reciprocal global embrace. Whereas some analysts approach this topic concentrating on the nature and quality...

The retirement of the baby boom generation is a profound threat to the structure and organisation of continental European retirement systems. Whereas the German financial system, for example, has been often favourably compared to the Anglo-American system of corporate governance, it is argued in...

Since 1980, U.K. individual pension and retirement assets have increased about 10 fold to about 1.1 trillion Pounds. Over the same time, U.S. household retirement assets have increased about 7 fold to more than $5 trillion. High rates of asset growth have also been observed for Australia and...

In this paper we focus on the current status of German employer-sponsored supplementary pensions in the context of moves towards the harmonization of international accounting standards. We emphasize the changing standards used to measure pension liability, and the consequences of these changes...

There is considerable interest in the design and funding of European pension systems. While many commentators emphasize the financial burden of under-funded European social security systems, less understood are the structure and performance of European supplementary pensions. In this paper, we...

With the retirement of the baby boom generation beginning in the first decade of the 21st century and increased global competition between rival systems of economic governance, pension systems are an important and growing area of research in economics and management. The relationships between...

In this paper, we explore the path and interpretation of the Asian financial crisis (1997-1999). Much of the literature on the crisis has stressed issues of liquidity and market stability, the problems of determining cause and effect, and the role of institutions in amplifying or ameliorating...

In an era of declining government commitment to urban and regional development, pension funds' investment strategies have come under increasing scrutiny. It is tempting to suggest, as Republican congressional critics portrayed advocates of economically targeted investments (ETIs) and the ETI...