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dc.contributor.authorStudart, Rogério
dc.date.accessioned2014-01-02T15:43:24Z
dc.date.available2014-01-02T15:43:24Z
dc.date.issued2000-08
dc.identifier.isbn9211212715
dc.identifier.urihttps://hdl.handle.net/11362/5079
dc.descriptionIncludes bibliography
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.
dc.format.extent102 páginas.
dc.language.isoen
dc.publisherECLAC
dc.relation.ispartofseriesSerie Financiamiento del Desarrollo
dc.titlePension funds and the financing productive investment: an analysis based on Brazil's recent experience
dc.typeTexto
dc.contributor.entityGerman Agency for Technical Cooperation
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. Unidad de Financiamiento
dc.projectProyecto Fondos de Pensiones y Jubilación
dc.divisionDivisión de Financiamiento para el Desarrollo
dc.divisionoldUnidad de Financiamiento
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescription102 p. : diagrs., tabls.
dc.jobnumberS00070645 E
dc.salenumber00.II.G.83
dc.callnumberINT UN/FI 30(102/2000)
dc.callnumberLC/L.1409-P
dc.identifier.unsymbolLC/L.1409-P
dc.placeofeditionSantiago
dc.relation.ispartofseriesno102
dc.subject.spanishADMINISTRACION FISCAL
dc.subject.spanishJUBILACION
dc.subject.spanishLIBERALIZACION DE MERCADOS FINANCIEROS
dc.subject.spanishPLANES DE JUBILACION
dc.subject.spanishSERVICIOS FINANCIEROS
dc.subject.spanishSUBSIDIOS
dc.subject.spanishSISTEMAS MONETARIOS
dc.subject.spanishRECURSOS FINANCIEROS
dc.subject.spanishREGULACION ECONOMICA
dc.subject.englishFINANCIAL LIBERALIZATION
dc.subject.englishFINANCIAL SERVICES
dc.subject.englishPENSION SCHEMES
dc.subject.englishRETIREMENT
dc.subject.englishSUBSIDIES
dc.subject.englishTAX ADMINISTRATION
dc.subject.englishMONETARY SYSTEMS
dc.subject.englishFINANCIAL RESOURCES
dc.subject.englishECONOMIC REGULATION
dc.coverage.spatialspaBRASIL
dc.coverage.spatialengBRAZIL
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishMACROECONOMÍA
dc.topic.spanishINVERSIÓN
dc.topic.spanishREGULACIÓN
dc.topic.spanishPROTECCIÓN SOCIAL
dc.topic.spanishSECTOR FINANCIERO Y MONETARIO
dc.topic.englishMACROECONOMICS
dc.topic.englishINVESTMENT
dc.topic.englishREGULATION
dc.topic.englishSOCIAL PROTECTION
dc.topic.englishFINANCIAL AND MONETARY SECTOR
dc.idsade4903
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishDESARROLLO SOCIAL
dc.workarea.spanishESTADÍSTICAS
dc.workarea.spanishRECURSOS NATURALES
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSOCIAL DEVELOPMENT
dc.workarea.englishSTATISTICS
dc.workarea.englishNATURAL RESOURCES
cepal.physicaldescriptiondiagramas, tablas


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