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Insurance and Issues in Financial Soundness

Das, Udaibir S.; Podpiera, Richard; Davies, Nigel - International Monetary Fund (IMF) - 2003

This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by...

Persistent link: https://www.econbiz.de/10005599218

Pension Funds and Emerging Markets

Chan-Lau, Jorge A. - International Monetary Fund (IMF) - 2004

This paper focuses on the investment behavior of pension funds in developed and emerging market countries. First, it analyzes the main determinants of the emerging market asset allocation of pension funds in developed countries. Second, it assesses how pension funds in emerging markets have...

Persistent link: https://www.econbiz.de/10005605118

Aging, Asset Allocation, and Costs; Evidence for the Pension Fund Industry in Switzerland

Weber, René; Gerber, David S. - International Monetary Fund (IMF) - 2007

lower short-term benefits payouts are related to a higher share of equities and lower real estate holdings. Legal form … increased risk aversion and thus to a lower engagement of institutional investors in equities. …

Persistent link: https://www.econbiz.de/10005825621

Insurance Companies in Emerging Markets

Kong, Janet; Singh, Manmohan - International Monetary Fund (IMF) - 2005

This paper focuses on asset allocation decisions of life insurance companies in emerging markets. Mature market insurers allocate only a small fraction of their assets to emerging markets because of regulatory constraints, rating pressures, and currency risk. However, global insurers invest...

Persistent link: https://www.econbiz.de/10005825993

Governance and Fund Management in the Chinese Pension System

Hu, Yu-Wei; Impavido, Gregorio; Li, Xiaohong - International Monetary Fund (IMF) - 2009

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded components of the Chinese pension system and across provinces. This paper describes the...

Persistent link: https://www.econbiz.de/10008540915

How the Financial Crisis Affects Pensions and Insurance and Why the Impacts Matter

Tower, Ian; Impavido, Gregorio - International Monetary Fund (IMF) - 2009

This paper discusses the key sources of vulnerabilities for pension plans and insurance companies in light of the global financial crisis of 2008. It also discusses how these institutional investors transit shocks to the rest of the financial sector and economy. The crisis has re-ignited the...

Persistent link: https://www.econbiz.de/10008528682

Efficiency and Performance of Bulgarian Private Pensions

Impavido, Gregorio - International Monetary Fund (IMF) - 2008

This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.

Persistent link: https://www.econbiz.de/10005263896

Financing Growth in the WAEMU Through the Regional Securities Market; Past Successes and Current Challenges

Diouf, Mame Astou; Boutin-Dufresne, Francois - International Monetary Fund (IMF) - 2012

The West African Economic and Monetary Union (WAEMU) regional securities market saw increasing activity in the last decade, but still fell short of supplying sufficient long-term financing for growth-enhancing public and private investment projects. In addition to providing an institutional...

Persistent link: https://www.econbiz.de/10011242273

Managing Risks in Financial Market Development; The Role of Sequencing

International Monetary Fund (IMF); International … - 2003

This paper proposes an integrated and risk-based approach to the sequencing and coordination of reforms to develop domestic financial markets. The paper argues that there is a hierarchy of financial markets that reflects the complexity of risks in each market and the interlinkages among markets....

Persistent link: https://www.econbiz.de/10005768863

Bond Markets As Conduits for Capital Flows; How Does Asia Compare?

Luengnaruemitchai, Pipat; Eichengreen, Barry J. - International Monetary Fund (IMF) - 2006

We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure … case in which the purchaser and issuer of the bonds reside in different regions. Not surprisingly, we find that Europe is … participation in local markets and to intraregional cross holdings of Asian bonds generally. Further results based on a limited …

Persistent link: https://www.econbiz.de/10005769016