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Latin American Private Pension Funds’ Vulnerabilities

Author

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  • Jorge Guillén

    () (Assistant Professor of Economics and Finance, Universidad ESAN. Lima, Perú.)

Abstract

In the last years, we have been witnesses of significant large rates of return in most Latin-American private pension fund institutions (PPF). This outstanding performance of funds can be explained by an economic boom in the region. However, these funds have lately been hampered in some countries, something that contrasts with the successful performance of private pension funds’ returns. We measure management performance with the Data Envelopment Analysis (DEA) technique, and test a sample of eight countries in Latin America to determine if there is any vulnerability in the private pension funds. The results are relevant for policy makers and regulators of pension funds.

Suggested Citation

  • Jorge Guillén, 2011. "Latin American Private Pension Funds’ Vulnerabilities," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 357-378, July-Dece.
  • Handle: RePEc:emc:ecomex:v:20:y:2011:i:2:p:357-378
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    More about this item

    Keywords

    DEA; private pension funds; return of portfolio.;

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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