By Robert Holzmann
Inhabitants getting older is anticipated to impact the functionality of monetary markets in built and rising economies at a time while ever extra international locations are counting on funded provisions for previous age source of revenue aid. This research investigates the demanding situations confronted through those former transition international locations within the context of foreign adventure from the OECD and Latin the United States. The overarching end of this learn is that those demanding situations should be addressed yet addressing them would require decided coverage activities to accomplish monetary industry improvement and to advertise monetary literacy via schooling.
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Extra info for Aging Population, Pension Funds, and Financial Markets: Regional Perspectives and Global Challenges for Central, Eastern and Southern Europe (Directions in Development)
4 Although regulations forbid dealings with related parties, opportunities to circumvent such bans may exist. Finally, features of some pension scheme designs, such as minimum guaranteed returns, the use of relative benchmarks based on the performance of the overall industry, and salary-based commissions, discourage pension fund managers from searching for new issuers and instruments.
London: EBRD. ———. 2007. Transition Report 2007: People in Transition. London: EBRD. Glaessner, Thomas, and Salvador Valdes. 1998. ” Policy Research Working Paper 1983, World Bank, Washington, DC. Gubbels, John, David Snelbecker, and Lena Zezulin. 2007. ” World Bank Social Protection Discussion Paper 0707, World Bank, Washington, DC. pdf. , Asta Zviniene, and Anna-Marie Vilamovska. 2005. ” Social Protection Discussion Paper 0537, World Bank, Washington, DC. http://siteresources. pdf. Holzmann, Robert.
4). Not all the readiness indicators apply to these countries, nor are the criteria necessarily of the same importance as in countries that have launched systemic reforms. The assessment scores for the two groups of countries are therefore not directly comparable. Nevertheless, the individual indicators, as well as the aggregate scores, do provide insights into the relative readiness of these four countries should they consider introducing mandated second pillars. Slovenia and the Czech Republic received the highest ratings of the group, but both had scores below 90 percent, even when evaluated using the less stringent scoring applied to countries with only voluntary schemes.
Aging Population, Pension Funds, and Financial Markets: Regional Perspectives and Global Challenges for Central, Eastern and Southern Europe (Directions in Development) by Robert Holzmann