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Book Cover
E-book
Author Roldós, Jorge E., 1958- author.

Title Pension reform, investment restrictions, and capital markets / Jorge E. Roldos
Published [Washington, D.C.] : International Monetary Fund, ©2004

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Description 1 online resource (31 pages) : illustrations
Series IMF policy discussion paper ; PDP/04/4
IMF policy discussion paper (Online) ; PDP/04/4.
Summary Annotation Pension reform in several emerging market countries has been associated with rapid growth in assets under management and a positive impact on the development of local securities markets. However, limitations on such development may lead to asset price distortions, bubbles, and concentration of risks. Regulatory limits on pension fund investments are assessed in light of these risks and developments in modern portfolio theory. a gradual but decisive loosening of restrictions on equity and foreign investments is recommended. Changes in these regulations ought to be coordinated with measures designed to foster the development of local securities markets as well as with macroeconomic policies
Notes "September 2004."
"International Capital Markets Department."
Bibliography Includes bibliographical references
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
Online resource; title from PDF file (viewed September 15, 2004)
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Pension trusts.
Pension trusts -- Investments.
Asset allocation.
Capital market.
Asset allocation.
Capital market.
Pension trusts.
Pension trusts -- Investments.
Form Electronic book
Author International Monetary Fund. Monetary and Financial Systems Department, issuing body.
LC no. 2004620026
ISBN 9781455239702
1455239704
145524466X
9781455244669
9781451973730
145197373X
1455265012
9781455265015