Pension funds and the financing productive investment: an analysis based on Brazil's recent experience
Includes bibliography
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2014
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| Acceso en línea: | http://hdl.handle.net/11362/5079 |
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oai-11362-50792020-11-19T01:58:04Z Pension funds and the financing productive investment: an analysis based on Brazil's recent experience Studart, Rogério German Agency for Technical Cooperation NU. CEPAL NU. CEPAL. Unidad de Financiamiento ADMINISTRACION FISCAL JUBILACION LIBERALIZACION DE MERCADOS FINANCIEROS PLANES DE JUBILACION SERVICIOS FINANCIEROS SUBSIDIOS SISTEMAS MONETARIOS RECURSOS FINANCIEROS REGULACION ECONOMICA FINANCIAL LIBERALIZATION FINANCIAL SERVICES PENSION SCHEMES RETIREMENT SUBSIDIES TAX ADMINISTRATION MONETARY SYSTEMS FINANCIAL RESOURCES ECONOMIC REGULATION Includes bibliography Abstract This paper analyzes the recent development of pension funds in Brazil in the 1990s (and especially in the second half of this decade). It draws lessons from Brazil's recent experience to assess the potential of these institutions as suppliers of funds to productive investment and to discuss policies that could possibly enhance and make effective this potential.It concludes that pension fund reforms are important potential suppliers of long-term non-inflationary financing to productive investment. Low inflation and sustained macroeconomic stability are important (even necessary conditions) for the enhancement of this. But they do not seem to be a sufficient condition. In economies where capital markets are shallow and/or inherently volatile, additional institutional and regulatory arrangements need be created in order to stimulate the channeling of long-term funds of pension funds towards the acquisition of newly issued corporate securities. There seems to be a wide variety of possible regulatory and institutional arrangements, and in this paper we explore one of them. 2014-01-02T15:43:24Z 2014-01-02T15:43:24Z 2000-08 Texto Documento Completo 9211212715 http://hdl.handle.net/11362/5079 LC/L.1409-P en Serie Financiamiento del Desarrollo 102 application/pdf BRASIL BRAZIL ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
ADMINISTRACION FISCAL JUBILACION LIBERALIZACION DE MERCADOS FINANCIEROS PLANES DE JUBILACION SERVICIOS FINANCIEROS SUBSIDIOS SISTEMAS MONETARIOS RECURSOS FINANCIEROS REGULACION ECONOMICA FINANCIAL LIBERALIZATION FINANCIAL SERVICES PENSION SCHEMES RETIREMENT SUBSIDIES TAX ADMINISTRATION MONETARY SYSTEMS FINANCIAL RESOURCES ECONOMIC REGULATION |
| spellingShingle |
ADMINISTRACION FISCAL JUBILACION LIBERALIZACION DE MERCADOS FINANCIEROS PLANES DE JUBILACION SERVICIOS FINANCIEROS SUBSIDIOS SISTEMAS MONETARIOS RECURSOS FINANCIEROS REGULACION ECONOMICA FINANCIAL LIBERALIZATION FINANCIAL SERVICES PENSION SCHEMES RETIREMENT SUBSIDIES TAX ADMINISTRATION MONETARY SYSTEMS FINANCIAL RESOURCES ECONOMIC REGULATION Studart, Rogério Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| description |
Includes bibliography |
| author2 |
German Agency for Technical Cooperation |
| author_facet |
German Agency for Technical Cooperation Studart, Rogério |
| format |
Texto |
| author |
Studart, Rogério |
| author_sort |
Studart, Rogério |
| title |
Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| title_short |
Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| title_full |
Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| title_fullStr |
Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| title_full_unstemmed |
Pension funds and the financing productive investment: an analysis based on Brazil's recent experience |
| title_sort |
pension funds and the financing productive investment: an analysis based on brazil's recent experience |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5079 |
| work_keys_str_mv |
AT studartrogerio pensionfundsandthefinancingproductiveinvestmentananalysisbasedonbrazilsrecentexperience |
| _version_ |
1718437705781608448 |