Front Cover

pdf iconDownload PDF
 

Title Page, Copyright

pdf iconDownload PDF

pp. i-iv

Table of Contents

pdf iconDownload PDF

pp. v-vi

read more

Preface

pdf iconDownload PDF

pp. vii-viii

...practitioners in the United States, Japan, and elsewhere. Initially led by Brookings senior fellow Robert E. Litan and Yasuyuki Fuchita, senior managing director of Nomura Institute of Capital Markets Research, the collaboration was joined in 2008 by Richard J. Herring of the Financial Institutions...

read more

Introduction

Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan

pdf iconDownload PDF

pp. 1-10

...them; poor risk management by financial institutions; serious failures of oversight by state and federal financial regulators; and far too much leverage in too many financial institutions and households. While the immediate dangers from the crisis have abated—the financial system has returned to profitability and the economy is growing, albeit slowly—the damage...

read more

Trends in Pension System Reform in East Asia: Japan, Korea, and China

Akiko Nomura

pdf iconDownload PDF

pp. 11-46

...be briefly summarized as a shift from public to private pensions, an increase in the level of prefunding, and a shift from defined benefit plans to defined contribution plans, all aimed at improving both the adequacy and sustainability of pensions. The pension reforms under way in three East Asian countries...

read more

The Crisis in Local Government Pensions in the United States

Robert Novy-Marx and Joshua Rauh

pdf iconDownload PDF

pp. 47-74

...statement 25, which stipulates that benefit promises are to be discounted at an assumed return on pension plan assets. That assumed return determines how the future stream of cash benefits that the state or local government...

read more

Managing Risks in Defined Contribution Plans: What Does the Future Hold?

Olivia S. Mitchell

pdf iconDownload PDF

pp. 75-94

...participants to take an active role in managing them to achieve their ultimate purpose, namely, meeting participants’ consumption needs in retirement. And, noting that participants sometimes have difficulty managing their retirement plans effectively, some critics have charged that DC plans are not up to the...

read more

Asset Allocation by Institutional Investors after the Recent Financial Crisis

Robert C. Pozen, Betsy Palmer, and Natalie Shapiro

pdf iconDownload PDF

pp. 95-142

...portfolio of U.S. stocks from 1991 to 1999, it would have recorded excellent performance regardless of the individual stocks selected. Conversely, that institution would have recorded relatively poor performance from 2000 to 2008 if it held a diversified portfolio of U.S. stocks regardless of the individual stocks...

Contributors

pdf iconDownload PDF

pp. 143-144

Index

pdf iconDownload PDF

pp. 145-152

Back Cover

pdf iconDownload PDF