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Contractual Savings or Stock Market Development: Which Leads?

Aug 31, 2000 | G. Impavido, A.R. Musalem, M. Catalan | The World Bank
This paper studies the relationship between the development of contractual savings (assets of pension funds and life insurance companies), and capital markets. The focus is on the macroeconomic and financial effects of contractual savings’ development.
Theme: Insurance, Financial Inclusion, Long-Term Finance and Capital Markets, Pension Funds | Country: South Africa | Pages: 46
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