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

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/FI 30(102/2000)
cepal.callNumberLC/L.1409-P
cepal.divisionEngFinancing for Development Division
cepal.divisionOldUnidad de Financiamiento
cepal.divisionSpaDivisión de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.idSade4903
cepal.jobNumberS00070645 E
cepal.physicalDescriptiondiagramas, tablas
cepal.projectProyecto Fondos de Pensiones y Jubilación
cepal.regionalOfficeSantiago
cepal.saleNumber00.II.G.83
cepal.topicEngMACROECONOMICS
cepal.topicEngINVESTMENT
cepal.topicEngREGULATION
cepal.topicEngSOCIAL PROTECTION
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaINVERSIÓN
cepal.topicSpaREGULACIÓN
cepal.topicSpaPROTECCIÓN SOCIAL
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaEngNATURAL RESOURCES
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOCIAL
cepal.workareaSpaESTADÍSTICAS
cepal.workareaSpaRECURSOS NATURALES
dc.contributor.authorStudart, Rogério
dc.contributor.entityGerman Agency for Technical Cooperation
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. Unidad de Financiamiento
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialSpaBRASIL
dc.date.accessioned2014-01-02T15:43:24Z
dc.date.available2014-01-02T15:43:24Z
dc.date.issued2000-08
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.formatTexto
dc.format.extent102 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211212715
dc.identifier.unSymbolLC/L.1409-P
dc.identifier.urihttps://hdl.handle.net/11362/5079
dc.language.isoeng
dc.physicalDescription102 p. : diagrs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo102
dc.rights.coarDisponible
dc.subject.unbisEngFINANCIAL LIBERALIZATION
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngPENSION SCHEMES
dc.subject.unbisEngRETIREMENT
dc.subject.unbisEngSUBSIDIES
dc.subject.unbisEngTAX ADMINISTRATION
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisEngECONOMIC REGULATION
dc.subject.unbisSpaADMINISTRACION FISCAL
dc.subject.unbisSpaJUBILACION
dc.subject.unbisSpaLIBERALIZACION DE MERCADOS FINANCIEROS
dc.subject.unbisSpaPLANES DE JUBILACION
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.subject.unbisSpaSUBSIDIOS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.subject.unbisSpaREGULACION ECONOMICA
dc.titlePension funds and the financing productive investment: an analysis based on Brazil's recent experience
dc.type.coarlibro
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