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  1. The story of the open pension funds and the employee capital plans in Poland
    will it succeed this time?
    Published: 23 Apr 2020
    Publisher:  CASE, Center for Social and Economic Research, Warsaw, Poland

    Poland's new Employee Capital Plans (PPK) scheme, which is mandatory for employers, started to be implemented in July 2019. The article looks at the systemic solutions applied in the programme from the perspective of the concept of the simultaneous... more

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    Poland's new Employee Capital Plans (PPK) scheme, which is mandatory for employers, started to be implemented in July 2019. The article looks at the systemic solutions applied in the programme from the perspective of the concept of the simultaneous reconstruction of the retirement pension system. The aim is to present arguments for and against the project from the point of view of various actors, and to assess the chances of success for the new system. The article offers a detailed study of legal solutions, an analysis of the literature on the subject, and reports of institutions that supervise pension funds. The results of this analysis point to the lack of cohesion between certain solutions of the 1999 pension reform and expose a lack of consistency in how the reform was carried out, which led to the eventual removal of the capital part of the pension system. The study shows that additional saving for old age is advisable in the country's current demographic situation and necessary for both economic and social reasons. However, the systemic solutions offered by the government appear to be chiefly designated to serve short-term state interests and do not create sufficient incentives for pension plan participants to join the programme.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788371786952
    Other identifier:
    hdl: 10419/227673
    Series: CASE working papers ; no. 13 (137/2020)
    Subjects: pension system; public pension regulation; private pension saving plans; employee pension funds; Employee Capital Plans
    Scope: 1 Online-Ressource (circa 56 Seiten)
  2. Public and private pension systems and macroeconomic volatility in OECD countries
    Published: December 2019
    Publisher:  Wiener Institut für Internationale Wirtschaftsvergleiche, Wien

    This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art... more

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    This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art econometric estimators. Our results show weak evidence of a negative impact of public pension expenditures as well as weak evidence of a positive impact of pension funds' benefits on volatility. Results were, however, found not to be very robust. In contrast, pension funds' assets do not show any evidence of being associated with economic volatility. Unsystematic fiscal policy, banking crises and political (in)stability, however, are revealed to be somewhat more robust determinants of economic volatility.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/223077
    Series: Working paper / wiiw ; 172
    Subjects: Public pensions; private pensions; pension system; macroeconomic volatility; OECD
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. Policies for Switzerland's ageing society
    Published: 2020
    Publisher:  OECD, Paris, France

    Swiss society is ageing. At the same time, life expectancy is increasing. With most workers retiring around age 65, time in retirement is growing and the ratio of retirees to employees is set to soar. These developments bring a range of opportunities... more

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    Swiss society is ageing. At the same time, life expectancy is increasing. With most workers retiring around age 65, time in retirement is growing and the ratio of retirees to employees is set to soar. These developments bring a range of opportunities but will likely weigh on growth in GDP per capita and increase public spending. They may also widen existing inequalities. This paper highlights three key policy challenges to preserve high living standards in coming decades. First, the pension system ensures good retirement incomes despite a lack of reforms. However, reforms are urgently needed as the system is under increasing pressure. Second, a range of disincentives and barriers in the labour market and tax system contribute to early retirement and involuntary retirement. Boosting employability at older ages and broadening older workers’ options would dampen the economic impact of ageing. Third, the Swiss health system delivers good outcomes but at a higher cost than other countries, and ageing will only exacerbate the associated pressures. Cost containment and improved co-ordination are vital. Adjusting the financing of long-term care could improve access and the overall quality of long-term care.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: OECD Economics Department working papers ; no. 1600
    Subjects: Education; Switzerland; Switzerland; population ageing; pension system; healthcare; long-term care; labour market; long-term projections
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  4. Who lacks pension knowledge, why and does it matter?
    evidence from Swedish retirement savers
    Published: [2020]
    Publisher:  IFAU, Institute for Evaluation of Labour Market and Education Policy, Uppsala

    Recent pension reforms have shifted a larger responsibility towards savers. Individuals therefore need better knowledge of the rules and incentives embedded in the pension system to adequately save and prepare for retirement. In this paper, we use a... more

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    Recent pension reforms have shifted a larger responsibility towards savers. Individuals therefore need better knowledge of the rules and incentives embedded in the pension system to adequately save and prepare for retirement. In this paper, we use a novel Swedish survey matched with high-quality administrative data to show that many lack, and feel that they lack, such pension-specific knowledge. We also show that the most economically vulnerable groups know the least. Linking pension knowledge to behavior, we find that knowing less is associated with lower preparedness for retirement, even after controlling for financial literacy and subjective knowledge. Moreover, a large majority state the complexity of the pension system, or that they have planned to learn more about pensions but that it just hasn't happened, as reasons for why they do not have sufficient knowledge. That the complexity of the pension system and individuals' proclivity to procrastinate are plausible causal factors for low pension knowledge is supported by analyses showing that individuals with low math skills and procrastination tendencies have lower pension knowledge.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/246033
    Series: Working paper / Institute for Evaluation of Labour Market and Education Policy ; 2020, 24
    Subjects: bounded rationality; financial literacy; saving; pension system
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  5. Impact analysis of the changes to the pension system
    Published: 2020
    Publisher:  Eesti Pank, [Tallinn]

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789949606672
    Other identifier:
    Series: Occasional paper series / Eesti Pank ; 2020,1
    Subjects: pension; pension system; size of pensions; population; macroeconomy; financial sector
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  6. Full-time employment is all that matters?
    quantifying the role of relevant and gender-exclusive life course experiences for gender inequalities
    Published: [2024]
    Publisher:  Max Planck Institute for Demographic Research, Rostock, Germany

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: MPIDR working paper ; WP 2024, 021 (July 2024)
    Subjects: gender inequality; Gender Pension Gap; Life course; Feature selection; pension inequality; pension system; decomposition
    Scope: 1 Online-Ressource (circa 95 Seiten), Illustrationen
  7. Evolução e projeção de longo prazo de contribuintes e beneficiários e implicações para o financiamento da previdência social
    Published: abril de 2024
    Publisher:  Instituto de Pesquisa Econômica Aplicada, Rio de Janeiro

    The hasty and intense process of population aging observed in Brazil should have a relevant impact on the expected evolution in the number of potential contributors and beneficiaries of the social security schemes - particularly, the social insurance... more

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    The hasty and intense process of population aging observed in Brazil should have a relevant impact on the expected evolution in the number of potential contributors and beneficiaries of the social security schemes - particularly, the social insurance schemes, with emphasis on the public pension system. Estimating the future evolution in the number of potential contributors and beneficiaries of the social insurance schemes is relevant for the medium and long-term planning of public pension policies, especially in countries where pay-as-you-go schemes predominate - such as Brazil and its General Social Insurance Regime (RGPS). These estimates are also fundamental for planning the financing of the social security system and its largest component, the social insurance system. The present study sought to estimate and analyze the evolution on the number of contributors and beneficiaries to the social security system (notably, recipients of Social Security monetary benefits, such as pensions, survival benefits and BPC/Loas). The study period covers an eleven-year interval (2012-2022), based on microdata of the Continuous National Household Sample Survey (PNAD Contínua) and administrative data pertaining to RGPS. This Discussion Paper provides projections for the ratio of contributors to social security beneficiaries, with emphasis on the social insurance beneficiaries, for 2023 to 2060.

     

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    Source: Union catalogues
    Language: Portuguese
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/299195
    Series: Texto para discussão / Ipea ; 2988
    Subjects: pension system; social insurance financing; contributors; social insurance beneficiaries; social insurance expenditures (pay-as-you-go schemes)
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  8. The Spanish pension system
    an update in the wake of the pandemic : Banco de España contribution to the Committee on the Monitoring and Assessment of the Toledo Pact Agreements, 2 september 2020
    Published: 2021
    Publisher:  Banco de España, Madrid

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos ocasionales / Banco de España ; no. 2106
    Subjects: pension system; reform proposals; Toledo Pact; Social Security balance; population ageing; contributory pensions; social contributions; sustainability factor; public finances; pay-as-you-go public contributory system; pension schemes; real-estate saving; gender gap; pandemic
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  9. Social protection in old age through taxes?
    an empirical analysis of the equity impact of taxes on pensions in the EU
    Published: July 2023
    Publisher:  [Institute for Social and Economic Research, University of Essex], [Colchester, Essex, UK]

    Living standards in old age are affected both by the pension system and the tax system. Yet, little research analyses the interaction between both systems. In this paper, we connect the principles of the pension system (solidarity vs. insurance) to... more

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    Living standards in old age are affected both by the pension system and the tax system. Yet, little research analyses the interaction between both systems. In this paper, we connect the principles of the pension system (solidarity vs. insurance) to the principles of the tax system (vertical equity vs. horizontal equity), and analyse to what extent they are in line with each other for 28 European countries. We find that horizontal equity is not relatively more important in insurance-based countries, nor is vertical equity relatively more important in solidarity-based countries. Countries that deviate from horizontal equity are able to do so without taxing pensioners into poverty. In contrast, where the tax system deviates from horizontal equity in favour of workers, this comes at the cost of taxing relatively larger shares of pensioners into poverty. Our results highlight the interlinkages of both systems and the importance of studying them together.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/300368
    Series: EUROMOD working paper series ; EM 23, 04
    Subjects: tax-benefit system; pension system; old age poverty; pension taxation; equity principles
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  10. Demographic change and the German current account surplus
    Published: February 18, 2019
    Publisher:  Verein für Socialpolitik, [Leipzig]

    This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save... more

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    This paper analyses whether the severe demographic change in Germany causes its high current account surpluses. An ageing population both increases the supply and lowers demand of capital in an economy. Due to a longer life span individuals save more. Fewer workers reduce the optimal capital stock. In addition, there are positive or negative effects on (net) foreign assets depending on how existing public pay as you go pension systems adjust in an ageing society. According to a two region model with endogenous savings, labour supply and a bequest motive that is augmented with actual demographic data projections for OECD countries, the demographic change is a key determinant of the current account. However, it cannot fully account for the magnitude of the recent German surplus. The simulation results further indicate that both a higher retirement age and a fixed pension level with a rising contribution rate reduce foreign assets. If the contribution rate is fixed and the pension level lowered to accommodate this, foreign assets increase.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/203527
    Edition: Preliminary version
    Series: Array ; Array
    Subjects: demographic change; current account; capital markets; pension system; OLG models
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  11. Beneficiômetro da Seguridade Social
    um panorama da previdência social brasileira a partir de indicadores clássicos
    Published: novembro de 2023
    Publisher:  Instituto de Pesquisa Econômica Aplicada, Rio de Janeiro

    The purpose of this work is to provide an overview of social security, which, along with public health and social assistance, constitutes social security in Brazil. This text represents only a part of a trilogy of Discussion Papers structured to... more

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    The purpose of this work is to provide an overview of social security, which, along with public health and social assistance, constitutes social security in Brazil. This text represents only a part of a trilogy of Discussion Papers structured to highlight the relevance of social security, focusing on its direct and indirect benefits and services to citizens, and the challenges for the consolidation of its three systems - health, pension, and social assistance - as the foundations of the social protection policy in the country. We have chosen a scope that prioritizes the overall public pension protection, encompassing its contributory components (public service social security systems, social protection systems for military personnel, and the urban beneficiaries of the General Social Security System - urban RGPS), semi-contributory (rural beneficiaries of the RGPS), and non-contributory (continuous payment social assistance benefits). We begin with the presentation of a set of classic indicators to structure the analysis of public social security around seven fundamental dimensions: i) the scale of the social and pension protection system; ii) coverage of social and pension protection in the population; iii) adequacy of pension benefits; iv) (simulated) effects of pension and welfare benefits on poverty; v) the contribution of pension and welfare benefits to income inequality; vi) contributory sustainability of pension systems; and vii) revenues, expenses, and pension results. The analysis points to long-term challenges but also reveals current results in terms of social protection from a pension perspective.

     

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    Source: Union catalogues
    Language: Portuguese
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/285063
    Series: Texto para discussão / Ipea ; 2941
    Subjects: benefit meter; social security; pension system; indicators; social protection
    Scope: 1 Online-Ressource (circa 91 Seiten), Illustrationen
  12. Pension reform options for Russia and Ukraine
    a critical analysis of available options and their expected outcomes; with a focus on labour market, industrial restructuring and public finance

    This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture... more

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    This paper provides the results of analyses of key problems related to pension systems and their reforms in Russia and Ukraine. The pension systems and their reforms in both countries are compared. They are also compared with the general picture observed in the OECD or selected countries belonging to that area. The analysis focuses on long-term trends rather than short-term shocks. The recent economic crisis is not covered since the analysis was mostly completed by 2008. First, we present the general picture which describes the current demographic and economic situations as well as the challenges that are being faced. Then we turn to reform options and actions already taken. We particularly focus on issues that are specific to the countries analyzed.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788371785085
    Other identifier:
    hdl: 10419/87611
    Series: CASE network reports ; 91
    Subjects: Altersvorsorge; Rentenreform; Arbeitsmarkt; Öffentliche Finanzen; Vergleich; Russland; Ukraine; pension reform; pension system; labour market; transition; industrial restructuring; social security; public finance; Russia; Ukraine
    Scope: Online-Ressource, (86 S.), graph. Darst.
  13. Pensions- und Finanzsysteme in Europa
    ein Vergleich unter dem Gesichtspunkt der Komplementarität
    Published: 2001
    Publisher:  Univ., Fachbereich Wirtschaftswiss., Frankfurt am Main

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    Source: Union catalogues
    Language: German
    Media type: Book
    Format: Print
    RVK Categories: QX 400 ; QX 400
    DDC Categories: 330; 380; 650; 670
    Series: Working paper series / Johann Wolfgang Goethe-Universität Frankfurt, Fachbereich Wirtschaftswissenschaften : [...], Finance & accounting ; No. 65
    Subjects: Altersversorgung; Rentenversicherung; Kreditwesen; Unternehmen; Finanzierung; Corporate Governance; Vergleich; Deutschland; Großbritannien; Frankreich; Altersversorgung; Rentenversicherung; Kreditwesen; Unternehmen; Finanzierung; Corporate Governance; Vergleich
    Other subjects: (stw)Altersvorsorge; (stw)Gesetzliche Rentenversicherung; (stw)Finanzsystem; (stw)Finanzsektor; (stw)Unternehmensfinanzierung; (stw)Corporate Governance; (stw)Vergleich; (stw)Deutschland; (stw)Großbritannien; (stw)Frankreich; financial system; pension system; risk allocation; human capital formation; Arbeitspapier; Graue Literatur
    Scope: 31 S., 30 cm
    Notes:

    Literaturverz. S. 28 - 31

  14. The convergence of financial systems in Europe
    Published: 2001
    Publisher:  Univ., Fachbereich Wirtschaftswiss., Frankfurt am Main

  15. The convergence of financial systems in Europe
  16. Policies for Switzerland's ageing society
    Published: 2020
    Publisher:  OECD, Paris, France

    Swiss society is ageing. At the same time, life expectancy is increasing. With most workers retiring around age 65, time in retirement is growing and the ratio of retirees to employees is set to soar. These developments bring a range of opportunities... more

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    Universität Potsdam, Universitätsbibliothek
    Unlimited inter-library loan, copies and loan

     

    Swiss society is ageing. At the same time, life expectancy is increasing. With most workers retiring around age 65, time in retirement is growing and the ratio of retirees to employees is set to soar. These developments bring a range of opportunities but will likely weigh on growth in GDP per capita and increase public spending. They may also widen existing inequalities. This paper highlights three key policy challenges to preserve high living standards in coming decades. First, the pension system ensures good retirement incomes despite a lack of reforms. However, reforms are urgently needed as the system is under increasing pressure. Second, a range of disincentives and barriers in the labour market and tax system contribute to early retirement and involuntary retirement. Boosting employability at older ages and broadening older workers’ options would dampen the economic impact of ageing. Third, the Swiss health system delivers good outcomes but at a higher cost than other countries, and ageing will only exacerbate the associated pressures. Cost containment and improved co-ordination are vital. Adjusting the financing of long-term care could improve access and the overall quality of long-term care.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: OECD Economics Department working papers ; no. 1600
    Subjects: Education; Switzerland; Switzerland; population ageing; pension system; healthcare; long-term care; labour market; long-term projections
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  17. Uncertainties and vulnerabilities
    Published: January 2012
    Publisher:  Washington, DC, DC

    The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and other high-income countries, which until earlier had been unaffected. This contagion has pushed up borrowing costs in many parts of... more

    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and other high-income countries, which until earlier had been unaffected. This contagion has pushed up borrowing costs in many parts of the world, and pushed down stock markets, while capital flows to developing countries have fallen sharply. Europe appears to have entered recession. At the same time, growth in several major developing countries (Brazil, India and, to a lesser extent, Russia, South Africa and Turkey) is significantly slower than it was earlier in the recovery, mainly reflecting policy tightening initiated in late 2010 and early 2011 in order to combat rising inflationary pressures. As a result, and despite a strengthening of activity in the United States and Japan, global growth and world trade have slowed sharply.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/12105
    Series: Global economic prospects ; volume 4 (January 2012)
    Subjects: Wirtschaftslage; Welt; access to bond markets; accounting; asset base; asset prices; bailout; balance of payments; bank activity; bank assets; bank balance sheets; Bank Debt; bank lending; bank loans; Banking Assets; banking crises; banking sector; banking sectors; banking system; banking systems; basis point; basis points; binding constraint; bond auctions; Bond Bank; bond funds; bond indexes; bond issuances; bond issuer; bond sales; bond spreads; Bond yields; bonds; borrowing costs; business cycle; capital adequacy; capital flow; Capital flows; capital markets; capital outflows; capital requirements; capital stock; CDS; Central Bank; central banks; collateral; commercial banks; Commodities; commodity; commodity exports; commodity price; Commodity Prices; consumer durables; contingency planning; Copyright Clearance; Copyright Clearance Center; corporate bond; corporate bond issuance; country debt; credit default; credit default swap; credit default swaps; credit histories; credit squeeze; credit squeezes; creditors; cross-border flows; currency depreciations; currency risk; Current Account Deficit; current account deficits; debt crisis; debt flows; debt holdings; debt issues; debt levels; debt ratios; Debt Repayment; debts; defaults; deficits; deposit; depositors; deposits; developing countries; Developing country; developing??country; domestic bank; domestic banking; domestic banks; domestic bond; domestic bond markets; Domestic bonds; downside scenario; downside scenarios; economic developments; emerging market; emerging market equities; Emerging Markets; emerging-market; enforcement mechanisms; equity flows; equity funds; equity issuance; equity markets; equity values; exchange rate; Exchange Rates; expenditure; expenditures; export growth; exporters; exposure; external debt; finances; financial crises; financial crisis; Financial flows; financial institutions; financial markets; Financial Stability; financial stress; financial support; financial systems; financing requirements; fiscal deficits; fixed investment; food prices; foreign banks; foreign capital; foreign currency; foreign holdings; foreign investment; foreign investor; Global Economic Prospects; Global Economy; global financial markets; global markets; global trade; government bonds; government deficit; government deficits; government financing; government revenues; growth rates; holding; holdings; host countries; Income; incomes; Inflation; inflation rate; inflationary pressures; insurance; interest rate; interest rates; International Bank; international bond; International capital; International capital flows; international financial market; International Trade; investment vehicles; liquidity; loan; loan exposures; loan portfolios; local currency; local government; local markets; local stock markets; long term debt; long-term debt; long-term yields; loss of confidence; mark-to-market; market competition; market conditions; market confidence; market equity; market participants; market price; market prices; market value; middle-income countries; monetary policy; Net debt; non-performing loan; nonperforming loans; oil price; oil prices; output; pension; pension system; policy response; political uncertainty; portfolio; power parity; private banks; private capital; private capital inflows; Private creditors; private debt; prudential regulation; purchasing power; remittance; remittances; reserves; return; risk aversion; safety net; secondary bond markets; short-term bonds; short-term debt; short-term finance; Short-term yields; social safety net; solvency; sovereign bond; sovereign debt; sovereign yields; stock markets; sustainable growth; swap; tax; trade finance; trade sectors; trading; tranche; transition countries; valuations; wholesale funding; world economy; world trade
    Scope: 1 Online-Ressource (circa 165 Seiten), Illustrationen
  18. Beveridge and Bismarck remodelled
    the positions of British and German organised interests on pension reform
    Published: [2016?]

    Universitätsbibliothek Braunschweig
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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    UB Weimar
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    Source: Union catalogues
    Contributor: Ebbinghaus, Bernhard (AkademischeR BetreuerIn)
    Language: English
    Media type: Dissertation
    Format: Online
    Other identifier:
    Subjects: NGO; pension system; pension reform; trade unions; employers; comparitive politics; institutional change; pensions; expert interview
    Scope: 1 Online-Ressource (circa 239 Seiten), Illustrationen
    Notes:

    Dissertation, Universität Mannheim, 2016

  19. Modalités d’application des réformes des retraites et prévisibilité du montant de pension
    Published: 2014
    Publisher:  INSEE, [Malakoff]

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Series: Document de travail / Direction des Études et Synthèses Économiques ; 2014/04
    Subjects: pension system; microsimulation
    Scope: Online-Ressource (30, X S.), graph. Darst.
    Notes:

    Zsfassung in engl. Sprache

  20. Uncertainties and vulnerabilities
    Published: January 2012
    Publisher:  Washington, DC, DC

    The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and other high-income countries, which until earlier had been unaffected. This contagion has pushed up borrowing costs in many parts of... more

    Orient-Institut Beirut
    Online
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    Universitätsbibliothek Clausthal
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VSP 732
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    Leuphana Universität Lüneburg, Medien- und Informationszentrum, Universitätsbibliothek
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    The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and other high-income countries, which until earlier had been unaffected. This contagion has pushed up borrowing costs in many parts of the world, and pushed down stock markets, while capital flows to developing countries have fallen sharply. Europe appears to have entered recession. At the same time, growth in several major developing countries (Brazil, India and, to a lesser extent, Russia, South Africa and Turkey) is significantly slower than it was earlier in the recovery, mainly reflecting policy tightening initiated in late 2010 and early 2011 in order to combat rising inflationary pressures. As a result, and despite a strengthening of activity in the United States and Japan, global growth and world trade have slowed sharply.

     

    Export to reference management software   RIS file
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10986/12105
    Series: Global economic prospects ; volume 4 (January 2012)
    Subjects: Wirtschaftslage; Welt; access to bond markets; accounting; asset base; asset prices; bailout; balance of payments; bank activity; bank assets; bank balance sheets; Bank Debt; bank lending; bank loans; Banking Assets; banking crises; banking sector; banking sectors; banking system; banking systems; basis point; basis points; binding constraint; bond auctions; Bond Bank; bond funds; bond indexes; bond issuances; bond issuer; bond sales; bond spreads; Bond yields; bonds; borrowing costs; business cycle; capital adequacy; capital flow; Capital flows; capital markets; capital outflows; capital requirements; capital stock; CDS; Central Bank; central banks; collateral; commercial banks; Commodities; commodity; commodity exports; commodity price; Commodity Prices; consumer durables; contingency planning; Copyright Clearance; Copyright Clearance Center; corporate bond; corporate bond issuance; country debt; credit default; credit default swap; credit default swaps; credit histories; credit squeeze; credit squeezes; creditors; cross-border flows; currency depreciations; currency risk; Current Account Deficit; current account deficits; debt crisis; debt flows; debt holdings; debt issues; debt levels; debt ratios; Debt Repayment; debts; defaults; deficits; deposit; depositors; deposits; developing countries; Developing country; developing??country; domestic bank; domestic banking; domestic banks; domestic bond; domestic bond markets; Domestic bonds; downside scenario; downside scenarios; economic developments; emerging market; emerging market equities; Emerging Markets; emerging-market; enforcement mechanisms; equity flows; equity funds; equity issuance; equity markets; equity values; exchange rate; Exchange Rates; expenditure; expenditures; export growth; exporters; exposure; external debt; finances; financial crises; financial crisis; Financial flows; financial institutions; financial markets; Financial Stability; financial stress; financial support; financial systems; financing requirements; fiscal deficits; fixed investment; food prices; foreign banks; foreign capital; foreign currency; foreign holdings; foreign investment; foreign investor; Global Economic Prospects; Global Economy; global financial markets; global markets; global trade; government bonds; government deficit; government deficits; government financing; government revenues; growth rates; holding; holdings; host countries; Income; incomes; Inflation; inflation rate; inflationary pressures; insurance; interest rate; interest rates; International Bank; international bond; International capital; International capital flows; international financial market; International Trade; investment vehicles; liquidity; loan; loan exposures; loan portfolios; local currency; local government; local markets; local stock markets; long term debt; long-term debt; long-term yields; loss of confidence; mark-to-market; market competition; market conditions; market confidence; market equity; market participants; market price; market prices; market value; middle-income countries; monetary policy; Net debt; non-performing loan; nonperforming loans; oil price; oil prices; output; pension; pension system; policy response; political uncertainty; portfolio; power parity; private banks; private capital; private capital inflows; Private creditors; private debt; prudential regulation; purchasing power; remittance; remittances; reserves; return; risk aversion; safety net; secondary bond markets; short-term bonds; short-term debt; short-term finance; Short-term yields; social safety net; solvency; sovereign bond; sovereign debt; sovereign yields; stock markets; sustainable growth; swap; tax; trade finance; trade sectors; trading; tranche; transition countries; valuations; wholesale funding; world economy; world trade
    Scope: 1 Online-Ressource (circa 165 Seiten), Illustrationen