Pension Reform, Investment Restrictions and Capital Markets

Pension Reform, Investment Restrictions and Capital Markets
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... READ MORE...

Publication date: September 2004
ISBN 9781451973730
$15.00

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