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Competition and Performance in the Hungarian Second Pillar

The performance of the Hungarian second pillar since inception has been mixed. This is partly due to a less than satisfactory support for the 1997 pension reform, conservative fund portfolio distributions, the hybrid nature of the mandatory pension fund system, the segmented nature of the market in...

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Bibliographic Details
Main Authors: Impavido, Gregorio, Rocha, Roberto
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTING
ACCOUNTING STANDARDS
ASSET MANAGEMENT
ASSET MANAGEMENT COMPANIES
ASSETS
BENCHMARK
BONDS
CAPITAL MARKETS
CAPITAL REQUIREMENTS
DEBT
DISCLOSURE
DISCLOSURE RULES
DOMESTIC INVESTMENT
EQUITY MARKETS
FINANCIAL INSTITUTIONS
FINANCIAL SECTOR
FISCAL ADJUSTMENT
FISCAL DEFICIT
FISCAL DEFICITS
FISCAL POLICY
FIXED INCOME
GDP
GOVERNMENT BALANCE
GOVERNMENT BONDS
GOVERNMENT DEBT
GOVERNMENT SECURITIES
GROSS NATIONAL SAVINGS
INDEXATION
INFLATION
INFLATION RATE
INFLATION RATES
INTEREST RATE
INTEREST RATES
INVENTORIES
INVESTMENT REGULATION
INVESTMENT RETURN
LIQUIDITY
MERGERS
MUTUAL FUND
MUTUAL FUND SHARES
NOMINAL INTEREST RATES
PAYOUT
PENSION FUND
PENSION FUNDS
PENSION REFORM
PENSION SYSTEMS
PER CAPITA INCOME
PORTFOLIO
PORTFOLIO COMPOSITION
PORTFOLIOS
PRIVATE EQUITY
PRIVATE PENSION
PROFIT MOTIVE
PUBLIC DEBT
PUBLIC SECTOR
RATE OF RETURN
RATES OF RETURN
REAL INTEREST RATES
REAL RATE OF RETURN
REAL RATES OF INTEREST
REAL WAGE
REGULATORY FRAMEWORK
RISK PREMIUM
SECURITIES
T-BILLS
TRANSPARENCY
TRUSTS
VALUATION
WAGES
Online Access:http://documents.worldbank.org/curated/en/2006/04/6691780/competition-performance-hungarian-second-pillar
http://hdl.handle.net/10986/8331

Internet

http://documents.worldbank.org/curated/en/2006/04/6691780/competition-performance-hungarian-second-pillar
http://hdl.handle.net/10986/8331

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