long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between … able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …-oriented environment conducive to more sound external investment. The lessons of this book are as applicable in other regions of the world …

This books explores the international aspects of pension reform, private savings and volatile capital markets and …, analysing the implications of financial reform for stimulating savings, and exploring both the benefits and risks of global … capital flows to emerging markets, Pensions, Savings and Capital Flows will inform policy and academic debates on financial …

Total fixed investment, also called gross fixed capital formation (GFCF), in real terms. It is defined as the outlays …