Pension funds and financialisation in the European Union
The expansion and innovation of financial markets, commonly known as financialisation, is closely linked to the growth of pension funds. While the conventional narrative is based on the notion of financial development as a positive change, this paperargues that pension funds may induce demand-led pr...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2017 |
| País: | España |
| Institución: | Universidad de Huelva (UHU) |
| Repositorio: | Arias Montano. Repositorio Institucional de la Universidad de Huelva |
| Idioma: | inglés |
| OAI Identifier: | oai:ariasmontano.uhu.es:10272/14075 |
| Acceso en línea: | http://hdl.handle.net/10272/14075 |
| Access Level: | acceso abierto |
| Palabra clave: | Pension funds Risk Financial innovation Alternative assets Financialisation Fondos de pensiones Riesgo Innovación financiera Activos alternativos Financiarización |
| Sumario: | The expansion and innovation of financial markets, commonly known as financialisation, is closely linked to the growth of pension funds. While the conventional narrative is based on the notion of financial development as a positive change, this paperargues that pension funds may induce demand-led pressures on the financial system, generating potencial for systemic risk and instability. The rise of pension funds is therefore important for the process of financialisation, as these institutions` demand for assets continuously sparks growth and innovation in financial markets. |
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