THE ROAD TO PRIVATIZATION AND CAPITAL MARKETS IN THE CONTEXT OF PENSION REFORM IN HUNGARY

Glenn Jenkins (), Yves Guerard and Antal Deutsch

No 1990-04, Development Discussion Papers from JDI Executive Programs

Abstract: In developed countries pension funds are an integral part of the private capital market. The portfolios of assets represent a large fraction of the total debt and equity of private sector enterprises. The development of a set of private pension plans in Hungary and funding now for the past service pension credits of their members, provides an ideal avenue for privatizing a large part of the state owned sector in Hungary.

Keywords: pension reform; privatization; Hungary (search for similar items in EconPapers)
JEL-codes: H55 (search for similar items in EconPapers)
Pages: 16 pages
Date: 1990-11
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:85

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