Pension Funds and Financial Repression:
Pension funds in some economies are used as a captive audience to channel capital at below market rates to government. This policy is only one tool in the financial repression toolkit, but it is receiving increased attention as governments around the world struggle to increase fiscal space and reduc...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2021
|
| Schriftenreihe: | Other Social Protection Study
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | Pension funds in some economies are used as a captive audience to channel capital at below market rates to government. This policy is only one tool in the financial repression toolkit, but it is receiving increased attention as governments around the world struggle to increase fiscal space and reduce their sovereign debt burden as they rebuild their economies after the pandemic. First, this paper provides an analysis of financial repression using pension funds from a historical perspective. It then assesses the welfare and distributional implications of this policy and distills lessons learned from a variety of advanced and emerging economies. The wide range of possible interventions and idiosyncratic country conditions make a general set of policy recommendations elusive, but the paper suggests four high-level principles that can help policymakers assess the costs and benefits of implementing policies that employ pension funds as a captive audience for financial repression. 1 |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/35584 |
Internformat
MARC
| LEADER | 00000nmm a22000001c 4500 | ||
|---|---|---|---|
| 001 | BV049081669 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 230731s2021 xxu|||| o||u| ||||||eng d | ||
| 024 | 7 | |a 10.1596/35584 |2 doi | |
| 035 | |a (ZDB-1-WBA)066004306 | ||
| 035 | |a (OCoLC)1392150132 | ||
| 035 | |a (DE-599)KEP066004306 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-12 |a DE-521 |a DE-573 |a DE-523 |a DE-Re13 |a DE-19 |a DE-355 |a DE-703 |a DE-91 |a DE-706 |a DE-29 |a DE-M347 |a DE-473 |a DE-824 |a DE-20 |a DE-739 |a DE-1043 |a DE-863 |a DE-862 | ||
| 100 | 1 | |a Davis, Richard Mark |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Pension Funds and Financial Repression |c Richard Mark Davis |
| 264 | 1 | |a Washington, D.C |b The World Bank |c 2021 | |
| 300 | |a 1 Online-Ressource | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a Other Social Protection Study | |
| 520 | 3 | |a Pension funds in some economies are used as a captive audience to channel capital at below market rates to government. This policy is only one tool in the financial repression toolkit, but it is receiving increased attention as governments around the world struggle to increase fiscal space and reduce their sovereign debt burden as they rebuild their economies after the pandemic. First, this paper provides an analysis of financial repression using pension funds from a historical perspective. It then assesses the welfare and distributional implications of this policy and distills lessons learned from a variety of advanced and emerging economies. The wide range of possible interventions and idiosyncratic country conditions make a general set of policy recommendations elusive, but the paper suggests four high-level principles that can help policymakers assess the costs and benefits of implementing policies that employ pension funds as a captive audience for financial repression. 1 | |
| 700 | 1 | |a Knaack, Peter |e Sonstige |4 oth | |
| 700 | 1 | |a Stewart, Fiona |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u https://doi.org/10.1596/35584 |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-1-WBA | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-034343560 | |
Datensatz im Suchindex
| _version_ | 1812671854988492800 |
|---|---|
| adam_text | |
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Davis, Richard Mark |
| author_facet | Davis, Richard Mark |
| author_role | aut |
| author_sort | Davis, Richard Mark |
| author_variant | r m d rm rmd |
| building | Verbundindex |
| bvnumber | BV049081669 |
| collection | ZDB-1-WBA |
| ctrlnum | (ZDB-1-WBA)066004306 (OCoLC)1392150132 (DE-599)KEP066004306 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/35584 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nmm a22000001c 4500</leader><controlfield tag="001">BV049081669</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">230731s2021 xxu|||| o||u| ||||||eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1596/35584</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-1-WBA)066004306</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1392150132</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP066004306</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-12</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-523</subfield><subfield code="a">DE-Re13</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-M347</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-1043</subfield><subfield code="a">DE-863</subfield><subfield code="a">DE-862</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Davis, Richard Mark</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Pension Funds and Financial Repression</subfield><subfield code="c">Richard Mark Davis</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, D.C</subfield><subfield code="b">The World Bank</subfield><subfield code="c">2021</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">Other Social Protection Study</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">Pension funds in some economies are used as a captive audience to channel capital at below market rates to government. This policy is only one tool in the financial repression toolkit, but it is receiving increased attention as governments around the world struggle to increase fiscal space and reduce their sovereign debt burden as they rebuild their economies after the pandemic. First, this paper provides an analysis of financial repression using pension funds from a historical perspective. It then assesses the welfare and distributional implications of this policy and distills lessons learned from a variety of advanced and emerging economies. The wide range of possible interventions and idiosyncratic country conditions make a general set of policy recommendations elusive, but the paper suggests four high-level principles that can help policymakers assess the costs and benefits of implementing policies that employ pension funds as a captive audience for financial repression. 1</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Knaack, Peter</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Stewart, Fiona</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1596/35584</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-1-WBA</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-034343560</subfield></datafield></record></collection> |
| id | DE-604.BV049081669 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:59Z |
| indexdate | 2024-10-12T04:03:12Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034343560 |
| oclc_num | 1392150132 |
| open_access_boolean | 1 |
| owner | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| owner_facet | DE-12 DE-521 DE-573 DE-523 DE-Re13 DE-BY-UBR DE-19 DE-BY-UBM DE-355 DE-BY-UBR DE-703 DE-91 DE-BY-TUM DE-706 DE-29 DE-M347 DE-473 DE-BY-UBG DE-824 DE-20 DE-739 DE-1043 DE-863 DE-BY-FWS DE-862 DE-BY-FWS |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | The World Bank |
| record_format | marc |
| series2 | Other Social Protection Study |
| spellingShingle | Davis, Richard Mark Pension Funds and Financial Repression |
| title | Pension Funds and Financial Repression |
| title_auth | Pension Funds and Financial Repression |
| title_exact_search | Pension Funds and Financial Repression |
| title_exact_search_txtP | Pension Funds and Financial Repression |
| title_full | Pension Funds and Financial Repression Richard Mark Davis |
| title_fullStr | Pension Funds and Financial Repression Richard Mark Davis |
| title_full_unstemmed | Pension Funds and Financial Repression Richard Mark Davis |
| title_short | Pension Funds and Financial Repression |
| title_sort | pension funds and financial repression |
| url | https://doi.org/10.1596/35584 |
| work_keys_str_mv | AT davisrichardmark pensionfundsandfinancialrepression AT knaackpeter pensionfundsandfinancialrepression AT stewartfiona pensionfundsandfinancialrepression |