LEADER 02864oam 22005894a 450 001 9910778893703321 005 20190503073316.0 010 $a0-262-26240-1 010 $a0-262-27126-5 010 $a9780585377790 010 $a0-585-37779-0 035 $a(CKB)111004366548788 035 $a(SSID)ssj0000180067 035 $a(PQKBManifestationID)11923033 035 $a(PQKBTitleCode)TC0000180067 035 $a(PQKBWorkID)10148955 035 $a(PQKB)11399999 035 $a(MiAaPQ)EBC3339791 035 $a(OCoLC)48138191$z(OCoLC)243589478$z(OCoLC)533311475$z(OCoLC)880437314$z(OCoLC)961690513$z(OCoLC)962577198$z(OCoLC)1087354682 035 $a(OCoLC-P)48138191 035 $a(MaCbMITP)3809 035 $a(Au-PeEL)EBL3339791 035 $a(CaPaEBR)ebr10857491 035 $a(OCoLC)945866948 035 $a(PPN)170239985 035 $a(EXLCZ)99111004366548788 100 $a20010213d2001 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInstitutional investors /$fE. Philip Davis and Benn Steil 210 $aCambridge, Mass. $cMIT Press$dİ2001 215 $a1 online resource (557 pages) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-262-54175-0 311 $a0-262-04192-8 320 $aIncludes bibliographical references (pages [457]-488) and index. 330 $aOne of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years.This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan. 606 $aInstitutional investments 610 $aECONOMICS/Finance 615 0$aInstitutional investments. 676 $a332.67/154 700 $aDavis$b E. P$g(E. Philip),$f1957-$0126853 701 $aSteil$b Benn$0283013 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910778893703321 996 $aInstitutional investors$93775092 997 $aUNINA