Positive Analysis About Financial Performance AndEnviromental Strategys Of Banks. Romania’s Situation
AbstractTowards the late 90’s, together with overcoming the shock of transition, most countries in Central and Eastern Europe began a process of profound reform of the pension systems. The aim of these reforms was mainly ensuring the financial sustainability of the pension systems often without taking into account their primary goal: to provide adequate retirement incomes, to allow the elderly to maintain a decent living standard after retirement and to have economic independence. However, a successful pension system is not the one that involves little spending but the one achieving its primary goal while limiting the future pressures on public finances. The economic crisis has increased the vulnerability of the pension systems. The economic recessions or slow economic growth, budget deficits and debt burdens, low employment rates have led to rising the concern about the ability of pension systems to fulfil their purpose. In this context, most Central and Eastern European countries have recently been forced to take up new changes in pensions. In our study we accomplished a comparative analysis of the pension systems’ performance based on calculating a composite indicator that includes three components: the indicator of adequacy, the financial sustainability indicator and the indicator of modernity. Each of these components is obtained by aggregating a selection of sub-indicators. The purpose of this analysis is to identify best practices for successful reform, but also to highlight potential hazards or imbalances that might face various emerging countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by ScientificPapers.org in its journal Journal of Knowledge Management, Economics and Information Technology.
Volume (Year): 2 (2012)
Issue (Month): 5 (October)
Contact details of provider:
Web page: http://www.scientificpapers.org
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andras Simonovits, 2011. "The Mandatory Private Pension Pillar in Hungary: An Obituary," IEHAS Discussion Papers 1112, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Barr, Nicholas & Diamond, Peter, 2008. "Reforming Pensions: Principles and Policy Choices," OUP Catalogue, Oxford University Press, number 9780195311303, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adrian Ghencea).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.