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Macroeconomic Stability and Investment Allocation of Domestic Pension Funds in Emerging Economies: The Case of Chile

In: Seeking Growth Under Financial Volatility

Author

Listed:
  • Roberto Zahler

Abstract

Growth has been frustratingly slow in Latin America, notwithstanding a decade and a half of rather intense reforms (Ocampo, 2005). In this period, growth of the region has diverged from that of the major economy of the world and has moved slower than the world average (Ffrench-Davis, 2005). The macroeconomic environment has been one crucial variable underlying both a low capital formation and great instability of economic activity.

Suggested Citation

  • Roberto Zahler, 2006. "Macroeconomic Stability and Investment Allocation of Domestic Pension Funds in Emerging Economies: The Case of Chile," Palgrave Macmillan Books, in: Ricardo Ffrench-Davis (ed.), Seeking Growth Under Financial Volatility, chapter 3, pages 60-95, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-52303-6_3
    DOI: 10.1057/9780230523036_3
    as

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    Cited by:

    1. Dodd, Randall & Griffith-Jones, Stephany, 2007. "Report on derivatives markets: stabilizing or speculative impact on Chile and a comparison with Brazil," Documentos de Proyectos 3559, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Ricardo Ffrench-Davis, 2008. "From Financieristic To Real Macroeconomics: Seeking Development Convergence In Ees," Working Papers wp272, University of Chile, Department of Economics.

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