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The informal economy and the constraints that it imposes on pension contributions in Latin America
Tuesta, David - BBVA Research, Grupo BBVA - 2014
Low contribution levels to pension schemes in Latin America are an enormous obstacle limiting the implementation of a broad-based social security system. Contribution rates measured as a ratio of contributors to the total labour force stand at an average of 40%, or 60% in the best of cases....
Persistent link: https://www.econbiz.de/10011277394
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Next Generation of Individual Account Pension Reforms in Latin America
Kritzer, Barbara; Kay, Stephen J.; Sinha, Tapen - 2015
Latin America led the world in introducing individual retirement accounts intended to complement or replace defined benefit state-sponsored, pay-as-you-go systems. After Chile implemented the first system in 1981, a number of other Latin American countries incorporated privately managed...
Persistent link: https://www.econbiz.de/10014043965
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ASSESSING ADMINISTRATION CHARGES FOR THE AFFILIATE IN INDIVIDUAL ACCOUNT SYSTEMS
Meliá, Carlos Vidal-; Carpio, José E. Devesa-; … - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002
In any pension system based on capitalization, affiliates have to cover certain explicit costs which in a pay-as-you-go system would be implicit. In this paper we set out a model based on Whitehouse (2000) and Diamond (1999) to enable the explicit costs borne by the affiliate both during his...
Persistent link: https://www.econbiz.de/10005731135
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Fintech in Latin America and the Caribbean : Stocktaking
Berkmen, Pelin - 2019
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially...
Persistent link: https://www.econbiz.de/10012871769
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Breaking New Ground : The Americas Alternative Finance Benchmarking Report
Zhang, Bryan Zheng; Ziegler, Tania; Rosenberg, Robert; … - 2020
and strategic partnerships. Over the last two years, an influx of institutional funding has prompted the growth of … alternative finance platforms are trying to attract more retail investors and diversify their funding base, for instance, by … funding to individuals and businesses, with the US market contributing 99 per cent of the total funding volume. With $36 …
Persistent link: https://www.econbiz.de/10014031905
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Financial Development : Maturing and Emerging Policy Issues
de la Torre, Augusto - 2013
In recent decades, financial development policies in emerging market economies have been shaped by a fundamental shift toward market-based financial systems and the lessons from financial crises. Today, there is consensus that financial development depends on financial stability and convergence...
Persistent link: https://www.econbiz.de/10013089729
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Transnational Governance in Global Finance : The Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets
Ritter, Raymond - 2021
This paper analyses and assesses the track record and effectiveness of the so-called “Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets”, which have emerged as an important instrument for crisis prevention and crisis resolution in the international financial...
Persistent link: https://www.econbiz.de/10013316415
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The role of impartial administration in financial sector performance : a comparative study of Latin America and Sub-Saharan African countries
Dirir, Sadik Aden - In: Financial internet quarterly 19 (2023) 3, pp. 16-30
research considered a sample size composed of 12 countries from Latin America and Sub-Saharan Africa in the period of 2000 to …
Persistent link: https://www.econbiz.de/10014496635
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The Impact of the Global Economic and Financial Crisis on Central Eastern and Southeastern Europe (CESEE) and Latin America
Gallego Herrero, Sonsoles; Gardo, Sandor; Martin, Reiner; … - 2010
This paper reviews the impact of the global economic and financial crisis on two distinct emerging market regions: Central, Eastern and Southeastern Europe (CESEE) and Latin America. Similar to other emerging economies, both regions were initially surprisingly resilient as the crisis gathered...
Persistent link: https://www.econbiz.de/10014045010
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Domestic Bond Markets in Latin America : Achievements and Challenges
Jeanneau, Serge - 2013
Domestic bond markets in Latin America have expanded significantly over the past few years. This development should help reduce the region's historical dependence on external financing. Although much progress has been made, vulnerabilities associated with refinancing risk remain and secondary...
Persistent link: https://www.econbiz.de/10013094586