Pension Funds and the Financing Productive Investment

Download or read book Pension Funds and the Financing Productive Investment written by Rogério Studart and published by Naciones Unidas. This book was released on 2000 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyses the recent development of pension funds in Brazil. It assesses the potential of pension funds to finance productive investment and discusses policies that could maximise this potential. The paper concludes that the effectiveness of pension funds to fund productive investment is dependent on: the macroeconomic environment; the degree of volatility of asset prices; market organisation and regulation and the existence of appropriate institutions to mediate between institutional investors and primary corporate securities markets.