Variegated financialization and pension fund asset demand
The case of Colombia and Perú
Dados Bibliográficos
| ID | 4237686 |
|---|---|
| Autores | Bruno Bonizzi (0000-0003-0122-8739, University of Hertfordshire, Business School, Hatfield, UK, autor correspondente), Jennifer Churchill (Kingston University, London, UK), Diego Guevara, Diego Alejandro Guevara Castañeda (0000-0003-4018-7095, Universidad Nacional de Colombia, Bogotá, Colombia), Diego A Guevara (0000-0002-4927-6388, Universidad Nacional de Colombia) |
| Ano | 2021 |
| Volume | 19 |
| Fascículo | 2 |
| Páginas | 789-815 |
| Data de publicação | 2021-07-30 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Socio-Economic Review (JOURNAL) |
| Identificadores do periódico | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Editora | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwaa033 |
| OpenAlex | W3094885011 |
| Idioma | EN |
| Citações recebidas | 12 |
| Referências citadas | 52 |
This article seeks to explain concretely how one 'variegation' of financialization in the emerging economy setting is being shaped by the growth of domestic pension funds. Taking Colombia and Perú as case studies, we explore the evolution of pension fund demand subsequent to substantial pension policy reforms in the 1990s. Drawing on comparative political economy and the recent literature on subordinate financialization in emerging economies, we present a three-tiered conjecture regarding what is shaping pension fund demand: (a) the particular institutional context of 'hierarchical market economies' and neoliberal market reforms, (b) the 'extraverted' growth regime and (c) subordinate financial integration. The resulting demand calls forth financial innovation and movement towards market-based financial mechanisms as seen with financialization elsewhere, yet in this instance occurring largely outside of domestic capital markets
Capital market · Context (archaeology) · Economics · Emerging markets · Financial system · Financialization · Market economy · Pension · Pension Fund · Economic Theory and Policy · Finance · Housing, Finance, and Neoliberalism · Political Economy and Marxism
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The Impacts of Subordinated Financialisation on Workers in Peripheral Countries
International financial subordination
Where the bondholders are
The financialization of US public pension funds, 1945–1974
Varieties of capitalism and patient capital in developing and emerging economies
Pension financialization and workplace pension wealth inequality
International financial subordination in the age of asset manager capitalism
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Who owns and controls global capital? Uneven geographies of asset manager capitalism
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Hierarchical Capitalism in Latin America
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Subordinated Financial Integration and Financialisation in Emerging Capitalist Economies
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Global pension systems and their reform
The Colombian pension system after the reform of 1994
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Agents of privatization? Business groups and the rise of pension funds in Continental Europe
The Logic of Funding European Pension Restructuring and the Dangers of Financialisation
The political economy of pension financialisation
Varieties of Power in Latin American Pension Finance
The International Dimension of Financialization in Developing and Emerging Economies
Geographies of Financialization in Disarray
Pension Fund Capitalism
Dutch Disease-cum-financialization Booms and External Balance Cycles in Developing Countries
Making sense of financialization
Investment preferences and patient capital
Hierarchical Market Economies and Varieties of Capitalism in Latin America
| Obras citantes distintas | 12 |
|---|---|
| Citações por ano | 2,4 |
| Intervalo de citações | 2021 - 2026 (6) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 10 |