Pension funds and the financing productive investment: an analysis based on Brazil's recent experience

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cepal.bibLevelDocumento Completoes
cepal.callNumberINT UN/FI 30(102/2000)es
cepal.callNumberLC/L.1409-Pes
cepal.divisionEngFinancing for Development Divisiones
cepal.divisionOldUnidad de Financiamientoes
cepal.divisionSpaDivisión de Financiamiento para el Desarrolloes
cepal.docTypeSerieses
cepal.idSade4903es
cepal.jobNumberS00070645 Ees
cepal.physicalDescriptiondiagramas, tablases
cepal.projectProyecto Fondos de Pensiones y Jubilaciónes
cepal.regionalOfficeSantiagoes
cepal.saleNumber00.II.G.83es
cepal.topicEngMACROECONOMICSes
cepal.topicEngINVESTMENTes
cepal.topicEngREGULATIONes
cepal.topicEngSOCIAL PROTECTIONes
cepal.topicEngFINANCIAL AND MONETARY SECTORes
cepal.topicSpaMACROECONOMÍAes
cepal.topicSpaINVERSIÓNes
cepal.topicSpaREGULACIÓNes
cepal.topicSpaPROTECCIÓN SOCIALes
cepal.topicSpaSECTOR FINANCIERO Y MONETARIOes
cepal.workareaEngECONOMIC DEVELOPMENTes
cepal.workareaEngSOCIAL DEVELOPMENTes
cepal.workareaEngSTATISTICSes
cepal.workareaEngNATURAL RESOURCESes
cepal.workareaSpaDESARROLLO ECONÓMICOes
cepal.workareaSpaDESARROLLO SOCIALes
cepal.workareaSpaESTADÍSTICASes
cepal.workareaSpaRECURSOS NATURALESes
dc.contributor.authorStudart, Rogério
dc.contributor.entityGerman Agency for Technical Cooperationes
dc.contributor.entityNU. CEPALes
dc.contributor.entityNU. CEPAL. Unidad de Financiamientoes
dc.coverage.spatialEngBRAZILes
dc.coverage.spatialSpaBRASILes
dc.date.accessioned2014-01-02T15:43:24Zes
dc.date.available2014-01-02T15:43:24Zes
dc.date.issued2000-08es
dc.descriptionIncludes bibliographyes
dc.description.abstractAbstract 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.es
dc.formatTextoes
dc.format.extent102 páginas.es
dc.format.mimetypeapplication/pdfes
dc.identifier.isbn9211212715es
dc.identifier.unSymbolLC/L.1409-Pes
dc.identifier.urihttps://hdl.handle.net/11362/5079es
dc.language.isoenges
dc.physicalDescription102 p. : diagrs., tabls.es
dc.publisherECLACes
dc.publisher.placeSantiagoes
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrolloes
dc.relation.isPartOfSeriesNo102es
dc.rights.coarDisponiblees
dc.subject.unbisEngFINANCIAL LIBERALIZATIONes
dc.subject.unbisEngFINANCIAL SERVICESes
dc.subject.unbisEngPENSION SCHEMESes
dc.subject.unbisEngRETIREMENTes
dc.subject.unbisEngSUBSIDIESes
dc.subject.unbisEngTAX ADMINISTRATIONes
dc.subject.unbisEngMONETARY SYSTEMSes
dc.subject.unbisEngFINANCIAL RESOURCESes
dc.subject.unbisEngECONOMIC REGULATIONes
dc.subject.unbisSpaADMINISTRACION FISCALes
dc.subject.unbisSpaJUBILACIONes
dc.subject.unbisSpaLIBERALIZACION DE MERCADOS FINANCIEROSes
dc.subject.unbisSpaPLANES DE JUBILACIONes
dc.subject.unbisSpaSERVICIOS FINANCIEROSes
dc.subject.unbisSpaSUBSIDIOSes
dc.subject.unbisSpaSISTEMAS MONETARIOSes
dc.subject.unbisSpaRECURSOS FINANCIEROSes
dc.subject.unbisSpaREGULACION ECONOMICAes
dc.titlePension funds and the financing productive investment: an analysis based on Brazil's recent experiencees
dc.type.coarlibroes
dspace.entity.typePublicationes
relation.isAuthorOfPublicationa9c07911-82e2-41ff-bb09-24dc8609938e
relation.isAuthorOfPublication.latestForDiscoverya9c07911-82e2-41ff-bb09-24dc8609938e
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