IDEAS home Printed from https://ideas.repec.org/a/vrn/yrbook/y2010i1p208-237.html
   My bibliography  Save this article

Anti-Deficit Management Of Private Defined Benefit Schemes

Author

Listed:
  • Stoyan Kirov

    (University of Economics - Varna)

Abstract

The defined benefit schemes need urgent anti-deficit measures, with which to guaranteetheir solvency under crisis conditions. Although there are no "painless solutions", they must renovate their risk management and mark the direction of their future development. Until the appropriate reforms are selected, their customers and sponsors will lose confidence in them and will create prerequisites for worsening their financial status. That is why in the current work there isassessed the possibility for DB schemes to use some techniques for anti-deficit management, applied by commercial banks and insurance companies, including the ALM model, LDI strategies,etc. These approaches are considered in the context of the specific investment restrictions and standards. Unfortunately, the DB schemes are highly limited by government regulation and canhardly, by way of the market, solve all their problems on their own.

Suggested Citation

  • Stoyan Kirov, 2010. "Anti-Deficit Management Of Private Defined Benefit Schemes," An Annual Book of University of Economics - Varna, University of Economics - Varna, vol. 82(1), pages 208-237, January.
  • Handle: RePEc:vrn:yrbook:y:2010:i:1:p:208-237
    as

    Download full text from publisher

    File URL: http://godishnik.ue-varna.bg/uploads/20170322042942_1685586158d1fdb6839fa.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Anti-Deficit Management; government regulation; risk management; reforms;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:yrbook:y:2010:i:1:p:208-237. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radka Nacheva or Emilia Kirecheva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.