Preview: Competition and Performance in the Hungarian Second Pillar

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...

Full description

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

Competition and Performance in the Hungarian Second Pillar

Similar Items