After some significant corrections in the second half of May and in early June, major equity markets have resumed their growth, in some cases regaining levels reached before the May-June contraction. Against a backdrop of healthy corporate balance ...

Over the past few years China has emerged as a major player in the global economy with a pivotal position in global production, trade and, increasingly, finance. In the context of large imbalances in world growth rates, China has helped sustain ...

Many commentators have postulated a “financing gap” for small and mediumsized enterprises (SMEs), meaning that there are significant numbers of SMEs that could use funds productively if they were available, but cannot obtain finance from the formal ...

Long-term bond yields have been low in recent years both in nominal and real terms, and – especially in the United States – they have reacted differently to shifts in monetary and fiscal stances relative to previous cycles. This article examines ...

This paper empirically explores the impact of pension funds on market volatility, equity prices, government and corporate bond yields for a panel of 24 countries. The results show a positive and statistically significant relationship between market ...

The OECD Guidelines on Pension Fund Asset Management set out a basic framework for the regulation of pension fund investment. The Guidelines start with the basic premise that the regulatory framework should take into account the retirement income ...

In addition to private pension fund and life insurance assets, several countries have accumulated large amounts of pension assets in their national pension reserve funds. Pension reserve fund refers to assets set aside by otherwise pay-as-you-go ...