Pension Funds, Capital Markets, and the Power of Diversification

2017 ◽  
Author(s):  
Fiona Stewart ◽  
Romain Despalins ◽  
Inna Remizova
Keyword(s):  
Capital Markets ◽  
Pension Funds

scholarly journals Albania among Bank Based System’s Countries

2013 ◽  
Vol 3 (2) ◽  
pp. 121
Author(s):  
MSc. Rovena Troplini
Keyword(s):  
Transition Economies ◽  
Financial Market ◽  
Capital Markets ◽  
Banking System ◽  
Financial System ◽  
Pension Funds ◽  
Asset Markets ◽  
Investment Funds ◽  
Dynamic Development ◽  
New Phase

The Albanian financial system has entered a new phase of its development. Financial system in Albania is bank oriented, as financial market is not active. Because of the important and deep changes that have altered the image of the banking system, the conditions for more dynamic development of non-banking intermediaries and capital markets have been created. The analysis is based on the standard indicators of size and activity of banking intermediaries. The results of the analysis show that the size and activity of Albanian banking system is growing faster but limiting the crediting process only on banks. However, the achieved level of development of banking intermediaries is still below of other advanced transition economies. Albanian financial system needs to develop quickly the activities of pension funds, investment funds and bond/asset markets in order to create great opportunities to the Albanian economy.

Pension Funds: Retirement-Income Security and Capital Markets.

Economica ◽  
1995 ◽  
Vol 62 (248) ◽  
pp. 583
Author(s):  
J. Michael Orszag ◽  
E. Philip Davis
Keyword(s):  
Capital Markets ◽  
Pension Funds ◽  
Retirement Income ◽  
Income Security ◽  
Retirement Income Security

Pension funds and the capital markets

2011 ◽  
pp. 28-47
Author(s):  
Barry Riley ◽  
Paul Thornton ◽  
Donald Fleming
Keyword(s):  
Capital Markets ◽  
Pension Funds

The Efficiency of Mandatory Pension Funds: Case of Croatia

2019 ◽  
Vol 14 (2) ◽  
pp. 82-94
Author(s):  
Bojana Olgić Draženović ◽  
Sabina Hodžić ◽  
Dario Maradin
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Capital Markets ◽  
Institutional Investors ◽  
Pension Funds ◽  
Main Role ◽  
Data Envelopment

Abstract The aim of this paper is to examine performance of pension funds in Croatia, or more precisely, to measure the technical efficiency of mandatory pension funds. The main role of the pension funds is to collect and invest the money contributed by the employer or the employee during working years until retirement. Therefore, development of pension funds as institutional investors is especially important for capital markets as well as for the whole economy. By applying the methodology of data envelopment analysis on a sample of 12 DMUs, i.e. four mandatory pension funds divided into three categories (A, B or C) for 2015-2018 period, we provide further evidence on their efficiency level. The results have shown very small differences among relative inefficient pension funds.

Forming Sources of Long-run Growth: How to Understand Them?

2014 ◽  
pp. 4-20 ◽  
Author(s):  
G. Idrisov ◽  
S. Sinelnikov-Murylev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Policy ◽  
Business Cycle ◽  
Capital Markets ◽  
Productivity Growth ◽  
Government Spending ◽  
Long Run ◽  
Accelerate Growth ◽  
Budget Institutions

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labor and capital markets reforms, productivity growth.

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