Pensions, Savings and Capital Flows From Ageing to Emerging Markets

Pensions, Savings and Capital Flows From Ageing to Emerging Markets PDF Author: Reisen Helmut
Publisher: OECD Publishing
ISBN: 9264181628
Category :
Languages : en
Pages : 285

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Book Description
This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other.

Pensions, Savings and Capital Flows From Ageing to Emerging Markets

Pensions, Savings and Capital Flows From Ageing to Emerging Markets PDF Author: Reisen Helmut
Publisher: OECD Publishing
ISBN: 9264181628
Category :
Languages : en
Pages : 285

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Book Description
This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other.

Pensions, savings and capital flows

Pensions, savings and capital flows PDF Author: Helmut Reisen
Publisher:
ISBN: 9781840613087
Category :
Languages : en
Pages : 0

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Book Description


Aging and the Macroeconomy

Aging and the Macroeconomy PDF Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230

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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Old-age Income Support in the 21st Century

Old-age Income Support in the 21st Century PDF Author: Robert Holzmann
Publisher: World Bank Publications
ISBN: 082136040X
Category : Business & Economics
Languages : en
Pages : 246

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Book Description
The past decade has brought an increasing recognition to the importance of pension systems to the economic stability of nations and the security of their aging populations. This report attempts to explain current policy thinking and update the World Bank's perspective on pension reform. This book incorporates lessons learned from recent Bank experiences and research that have significantly increased knowledge and insight regarding how best to proceed in the future. The book has a comprehensive introduction and two main parts. Part I presents the conceptual underpinnings for the Bank's thinking on pension systems and reforms, including structure of Bank lending in this area. Part II highlights key design and implementation issues where it signals areas of confidence and areas for further research and experience, and includes a section on regional reform experiences, including Latin American and Europe and Central Asia.

Finance & Development, December 2001

Finance & Development, December 2001 PDF Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1451951973
Category : Business & Economics
Languages : en
Pages : 76

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Book Description
This paper examines how Africa can reposition itself to take full advantage of globalization—while minimizing the risks in the process—to accelerate economic growth and reduce poverty. The paper highlights that Africa’s share of world trade has dwindled, foreign direct investment in most countries has remained at low levels, and the income gap relative to advanced countries has widened. The paper looks at why Africa has missed out so far on the benefits of globalization, and indicates what steps Africa now needs to take to boost economic growth.

Controlling Currency Mismatches in Emerging Markets

Controlling Currency Mismatches in Emerging Markets PDF Author: Morris Goldstein
Publisher: Columbia University Press
ISBN: 0881324574
Category : Business & Economics
Languages : en
Pages : 181

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Book Description
In most of the currency crises of the 1990s, the largest output falls have occurred in those emerging economies with large currency mismatches, a phenomenon that occurs when assets and liabilities are denominated in different currencies such that net worth is sensitive to changes in the exchange rate. Currency mismatching makes crisis management much more difficult since it constrains the willingness of the monetary authority to reduce interest rates in a recession (for fear of initiating a large fall in the currency that would bring with it large-scale insolvencies). The mismatching also produces a "fear of floating" on the part of emerging economies, sometimes inducing them to make currency-regime choices that are not in their own long-term interest. Authors Morris Goldstein and Philip Turner summarize what is known about the origins of currency mismatching in emerging economies, discuss how best to define and measure currency mismatching, and review policy options for reducing the size of the problem.

Emerging Capital Markets and Globalization

Emerging Capital Markets and Globalization PDF Author: Augusto de la Torre
Publisher: World Bank Publications
ISBN: 0821365444
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, particularly in Latin America. Unfortunately, they are now faced with disheartening results. Stock and bond markets remain illiquid and segmented. Debt is concentrated at the short end of the maturity spectrum and denominated in foreign currency, exposing countries to maturity and currency risk. Capital markets in Latin America look particularly underdeveloped when considering the many efforts undertaken to improve the macroeconomic environment and to reform the institutions believed to foster capital market development. The disappointing performance has made conventional policy recommendations questionable, at best. 'Emerging Capital Markets and Globalization' analyzes where we stand and where we are heading on capital market development. First, it takes stock of the state and evolution of Latin American capital markets and related reforms over time and relative to other countries. Second, it analyzes the factors related to the development of capital markets, with particular interest on measuring the impact of reforms. And third, in light of this analysis, it discusses the prospects for capital market development in Latin America and emerging economies and the implications for the reform agenda.

Demographic Change in Germany

Demographic Change in Germany PDF Author: Ingrid Hamm
Publisher: Springer Science & Business Media
ISBN: 354068137X
Category : Political Science
Languages : en
Pages : 223

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Book Description
This book provides an up-to-date summary of the consequences of demographic aging for labor markets, financial markets, economic growth, social security schemes and public finances in Germany, essentially reflecting the present state of knowledge in any of these areas. All contributions are written by leading experts in their fields and are based on results that emerge at the forefront of current research.

Private Capital Flows to Developing Countries

Private Capital Flows to Developing Countries PDF Author:
Publisher: World Bank Publications
ISBN: 9780195211160
Category : Business & Economics
Languages : en
Pages : 432

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Book Description
This book analyzes the process of international financial integration and the structural forces driving private capital to developing countries. Against this background, it details the potential benefits of integration and the implications of fast-moving global capital flows for emerging economics. Examining the experience of countries that have attracted substantial private capital flows, the book provides invaluable guidance as to what works and what doesn't during the transition to financial integration. It will be of compelling interest to policymakers and also to international investors and bankers, financial analysts, and researchers.

Ageing, Financial Markets and Monetary Policy

Ageing, Financial Markets and Monetary Policy PDF Author: Alan J. Auerbach
Publisher: Springer Science & Business Media
ISBN: 3662047799
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.