Description |
1 online resource (31 pages) : illustrations |
Series |
IMF policy discussion paper ; PDP/04/4 |
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IMF policy discussion paper (Online) ; PDP/04/4.
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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." |
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"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 |
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Online resource; title from PDF file (viewed September 15, 2004) |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
Subject |
Pension trusts.
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Pension trusts -- Investments.
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Asset allocation.
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Capital market.
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Asset allocation.
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Capital market.
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Pension trusts.
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Pension trusts -- Investments.
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Form |
Electronic book
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Author |
International Monetary Fund. Monetary and Financial Systems Department, issuing body.
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LC no. |
2004620026 |
ISBN |
9781455239702 |
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1455239704 |
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145524466X |
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9781455244669 |
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9781451973730 |
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145197373X |
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1455265012 |
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9781455265015 |
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