1.

Record Nr.

UNINA9910451116803321

Titolo

Structured finance in Latin America [[electronic resource] ] : channeling pension funds to housing, infrastructure, and small businesses / / Hela Cheikhrouhou ... [et al.]

Pubbl/distr/stampa

Washington, D.C., : World Bank, c2007

ISBN

1-280-94032-8

9786610940325

0-8213-7140-1

Descrizione fisica

1 online resource (184 p.)

Altri autori (Persone)

CheikhrouhouHela <1972->

Disciplina

332.67/264098

352.4098

Soggetti

Pension trusts - Investments - Latin America

Housing - Finance

Infrastructure (Economics) - Latin America - Finance

Small business - Latin America - Finance

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; Acknowledgments; Executive Summary; Abbreviations; Chapter 1 Investment Management of Defined Contribution Pension Funds and the Role of Structured Bonds; Figures; Boxes; Tables; Chapter 2 Structured Finance for Housing; Chapter 3 Structured Finance for Infrastructure; Chapter 4 Structured Finance for SMEs; Appendix 1 Asset Securitization; Appendix 2 Statistics on Financial Markets in Latin America and Selected Comparator Countries

Sommario/riassunto

Structured Finance in Latin America explores how structured finance mechanisms can channel pension savings to support projects in underserved sectors, deepen capital markets, and contribute to investment and economic growth. Private pension funds have been accumulating assets rapidly in the wake of pension system reforms in many Latin American countries. Strict investment regulations to protect workers' savings have limited their investment in highly creditworthy domestic securities, yet pension fund demand for new securities has



outstripped issuance of eligible traditional corporate debt