The impact of contractual savings institutions on securities markets (English)

The authors assess empirically the impact of contractual savings institutions portfolios (pension funds and life insurance companies) on securities markets, for example, depth and liquidity in the domestic stock market, and depth in the domestic bond market. They discuss how the institutionalization of savings can modify financial markets through the lengthening of securities' maturities. The results are the following: 1) An increase in assets of...

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Author

Impavido,Gregorio;

Musalem,Alberto Roque;

Tressel,Thierry;
Document Date
2003/01/31
Document Type
Policy Research Working Paper
Report Number
WPS2948
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Doc Name
The impact of contractual savings institutions on securities markets
Keywords
contractual saving

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Citation

Impavido,Gregorio; Musalem,Alberto Roque; Tressel,Thierry.

The impact of contractual savings institutions on securities markets (English). Policy, Research working paper series ; no. WPS 2948 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/358571468778194284

The impact of contractual savings institutions on securities markets (English)

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