Pension Reform, Investment Restrictions and Capital Markets:
Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2004
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Schriftenreihe: | IMF Policy Discussion Papers
Policy Discussion Paper No. 04/4 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks. Regulatory limits on pension fund investments are assessed in light of these risks and developments in modern portfolio theory. A gradual but decisive loosening of restrictions on equity and foreign investments is recommended. Changes in these regulations ought to be coordinated with measures designed to foster the development of local securities markets as well as with macroeconomic policies |
Beschreibung: | 1 Online-Ressource (32 p) |
ISBN: | 145197373X 9781451973730 |
Internformat
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spelling | Roldos, Jorge Verfasser aut Pension Reform, Investment Restrictions and Capital Markets Roldos, Jorge Washington, D.C International Monetary Fund 2004 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Policy Discussion Paper No. 04/4 Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks. Regulatory limits on pension fund investments are assessed in light of these risks and developments in modern portfolio theory. A gradual but decisive loosening of restrictions on equity and foreign investments is recommended. Changes in these regulations ought to be coordinated with measures designed to foster the development of local securities markets as well as with macroeconomic policies Online-Ausg http://elibrary.imf.org/view/IMF003/05186-9781451973730/05186-9781451973730/05186-9781451973730.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Roldos, Jorge Pension Reform, Investment Restrictions and Capital Markets |
title | Pension Reform, Investment Restrictions and Capital Markets |
title_auth | Pension Reform, Investment Restrictions and Capital Markets |
title_exact_search | Pension Reform, Investment Restrictions and Capital Markets |
title_exact_search_txtP | Pension Reform, Investment Restrictions and Capital Markets |
title_full | Pension Reform, Investment Restrictions and Capital Markets Roldos, Jorge |
title_fullStr | Pension Reform, Investment Restrictions and Capital Markets Roldos, Jorge |
title_full_unstemmed | Pension Reform, Investment Restrictions and Capital Markets Roldos, Jorge |
title_short | Pension Reform, Investment Restrictions and Capital Markets |
title_sort | pension reform investment restrictions and capital markets |
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