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OverviewThis book explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other. Building the case for the pension-improving benefits of global asset diversification, 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 globalization. Full Product DetailsAuthor: Helmut ReisenPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Edition: illustrated edition Dimensions: Width: 15.60cm , Height: 1.50cm , Length: 23.40cm Weight: 0.666kg ISBN: 9781840643084ISBN 10: 1840643080 Pages: 288 Publication Date: 26 January 2000 Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Out of stock ![]() The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsContents: Preface Part I: Pension Investment 1. Pension Fund Investment 2. Pension Funds, Capital Controls and Macroeconomic Stability 3. Liberalizing Foreign Investments by Pension Funds 4. The Economics of Global Pension Flows Part II: Savings 5. Developing-country Savings and the Global Capital Shortage 6. Promoting Savings in Latin America 7. Do Funded Pensions Contribute to Higher Aggregate Savings? 8. The Limits of Foreign Savings Part III: Capital Flows 9. Managing Volatile Capital Inflows 10. Emerging-market Risk and Sovereign Credit Ratings 11. Domestic Causes of Currency Crises 12. After the Great Asian Slump IndexReviews'In this book, Helmut Reisen... addresses some of the major policy challenges of the day: ageing populations, the promotion of savings, and volatile capital markets. By clarifying how these challenges relate to each other, this book will usefully inform policy and academic debates on financial globalization... Pensions, Savings and Capital Flows is original in highlighting the links between pension pressures, saving, and global capital flows. The essays are highly readable and well argued. Not least, they are documented with rich empirical evidence and a superb bibliography...' -- Robert Holzmann, Finance & Development 'An up-to-date and exhaustive study of international capital flows, what they do and why they occasionally misbehave, along with a superb bibliography and an analysis of the recent crises. Undoubtedly the reference text on the topic.' -- Charles Wyplosz, Graduate Institute of International Studies, Geneva, Switzerland 'This book is one of the most up-to-date discussions of the critical issue of the day: the role of financial markets in our daily and worldly life. From an in-depth review of the causes and consequences of pension funds to the analysis of the Asian crisis, the book is a must.' -- Daniel Cohen, Universite de Paris 1 Pantheon-Sorbonne, France 'Helmut Reisen combines great analytical rigour and in-depth empirical knowledge to illuminate the increasingly important and complex links between pensions, savings and capital flows to emerging markets. Essential reading for specialists and students.' -- Stephany Griffith-Jones, University of Sussex, UK Author InformationHelmut Reisen, Head of Research Division, OECD Development Centre, France and Professor of Economics, University of Basel, Switzerland Tab Content 6Author Website:Countries AvailableAll regions |