[PDF.41ul] Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis
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Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis
From Brookings Institution Press/Nomura Inst.
[PDF.wk59] Growing Old: Paying for Retirement and Institutional Money Management after the Financial Crisis
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| #4226331 in eBooks | 2011-06-01 | 2011-06-01 | File type: PDF||About the Author|
|Yasuyuki Fuchita is a senior managing director at the Nomura Institute of Capital Markets Research in Tokyo. He coedited the Brooking Institution Press books After the Crash (2010) and Prudent Lending Restored (2009)
While the immediate dangers from the recent financial crisis have abated—much of the financial system has returned to profitability and the economy is growing, albeit slowly—the damage to the economy will linger for years. Among the many impacts is the problem that may be most acute in the United States: how state and local governments and private companies will honor their obligations under defined benefit (DB) pension plans. Institutional investors ...
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