Latin American private pension funds’ vulnerabilities

Descripción del Articulo

In the last years, we have been witnesses of significant large rates of return in most Latin-American private pension fund institutions (PPF). This outstanding performance of funds can be explained by an economic boom in the region. However, these funds have lately been hampered in some countries, s...

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Detalles Bibliográficos
Autor: Guillén, Jorge
Formato: artículo
Fecha de Publicación:2011
Institución:Universidad ESAN
Repositorio:ESAN-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.esan.edu.pe:20.500.12640/3328
Enlace del recurso:https://hdl.handle.net/20.500.12640/3328
Nivel de acceso:acceso abierto
Materia:Data Envelopment Analysis
Private pension funds
Return of portfolio
Análisis Envolvente de Datos
Fondos privados de pensiones
Rendimiento de portafolio
https://purl.org/pe-repo/ocde/ford#5.02.04
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spelling Guillén, Jorge2023-02-15T19:08:50Z2023-02-15T19:08:50Z2011Guillén, J. (2011). Latin American private pension funds’ vulnerabilities. Economía Mexicana Nueva Época, 20(2), 357-378.https://hdl.handle.net/20.500.12640/3328In the last years, we have been witnesses of significant large rates of return in most Latin-American private pension fund institutions (PPF). This outstanding performance of funds can be explained by an economic boom in the region. However, these funds have lately been hampered in some countries, something that contrasts with the successful performance of private pension funds’ returns. We measure management performance with the Data Envelopment Analysis (DEA) technique, and test a sample of eight countries in Latin America to determine if there is any vulnerability in the private pension funds. The results are relevant for policy makers and regulators of pension funds.Desde hace algunos años hemos sido testigos de un incremento significativo en el rendimiento del portafolio de las administradoras de fondos para el retiro (AFORE). Este notable desempeño de las AFORE se explicaría por un boom económico en la región. Sin embargo, la coyuntura actual ha provocado que los fondos de pensiones se deterioren, lo que contrasta con periodos de auge. En una muestra de ocho países de Latinoamérica utilizamos una medida de eficiencia gerencial, mediante la técnica de Data Envelopment Analysis (DEA) para verificar si existe o no vulnerabilidad en los fondos de pensiones. Los resultados son relevantes para los diseñadores de política y los reguladores de las AFORE.application/pdfInglésengCentro de Investigación y Docencia EcónomicasMXurn:issn:1665-2045http://www.economiamexicana.cide.edu/num_anteriores/XX-2/04_EM-JorgeGuillen(357-378).pdfinfo:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivatives 4.0 Internationalhttps://creativecommons.org/licenses/by-nc-nd/4.0/Data Envelopment AnalysisPrivate pension fundsReturn of portfolioAnálisis Envolvente de DatosFondos privados de pensionesRendimiento de portafoliohttps://purl.org/pe-repo/ocde/ford#5.02.04Latin American private pension funds’ vulnerabilitiesinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtículoreponame:ESAN-Institucionalinstname:Universidad ESANinstacron:ESANhttps://orcid.org/0000-0002-4511-2108Acceso abiertoEconomía Mexicana Nueva Época378235720ORIGINALguillen_2011.pdfguillen_2011.pdfTexto completoapplication/pdf433511https://repositorio.esan.edu.pe/bitstreams/5eff0271-7097-4551-a5bc-9f06fed3b70f/download7834cf3492092ba8934a0efd24a5296dMD51trueAnonymousREADTHUMBNAILguillen_2011.pdf.jpgguillen_2011.pdf.jpgGenerated Thumbnailimage/jpeg5463https://repositorio.esan.edu.pe/bitstreams/e257f103-1637-47e6-bb7d-99d3401f0937/download05466578e6a8f5c3fa4255d999d006eaMD55falseAnonymousREADTEXTguillen_2011.pdf.txtguillen_2011.pdf.txtExtracted texttext/plain48125https://repositorio.esan.edu.pe/bitstreams/b873968f-39ec-4a97-b61d-662b25030882/download941f1d8cd2e83eed1e47f564b1ce0cc0MD54falseAnonymousREAD20.500.12640/3328oai:repositorio.esan.edu.pe:20.500.12640/33282024-11-25 19:41:16.204https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.esan.edu.peRepositorio Institucional ESANrepositorio@esan.edu.pe
dc.title.en_EN.fl_str_mv Latin American private pension funds’ vulnerabilities
title Latin American private pension funds’ vulnerabilities
spellingShingle Latin American private pension funds’ vulnerabilities
Guillén, Jorge
Data Envelopment Analysis
Private pension funds
Return of portfolio
Análisis Envolvente de Datos
Fondos privados de pensiones
Rendimiento de portafolio
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short Latin American private pension funds’ vulnerabilities
title_full Latin American private pension funds’ vulnerabilities
title_fullStr Latin American private pension funds’ vulnerabilities
title_full_unstemmed Latin American private pension funds’ vulnerabilities
title_sort Latin American private pension funds’ vulnerabilities
author Guillén, Jorge
author_facet Guillén, Jorge
author_role author
dc.contributor.author.fl_str_mv Guillén, Jorge
dc.subject.en_EN.fl_str_mv Data Envelopment Analysis
Private pension funds
Return of portfolio
topic Data Envelopment Analysis
Private pension funds
Return of portfolio
Análisis Envolvente de Datos
Fondos privados de pensiones
Rendimiento de portafolio
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.es_ES.fl_str_mv Análisis Envolvente de Datos
Fondos privados de pensiones
Rendimiento de portafolio
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description In the last years, we have been witnesses of significant large rates of return in most Latin-American private pension fund institutions (PPF). This outstanding performance of funds can be explained by an economic boom in the region. However, these funds have lately been hampered in some countries, something that contrasts with the successful performance of private pension funds’ returns. We measure management performance with the Data Envelopment Analysis (DEA) technique, and test a sample of eight countries in Latin America to determine if there is any vulnerability in the private pension funds. The results are relevant for policy makers and regulators of pension funds.
publishDate 2011
dc.date.accessioned.none.fl_str_mv 2023-02-15T19:08:50Z
dc.date.available.none.fl_str_mv 2023-02-15T19:08:50Z
dc.date.issued.fl_str_mv 2011
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dc.identifier.citation.none.fl_str_mv Guillén, J. (2011). Latin American private pension funds’ vulnerabilities. Economía Mexicana Nueva Época, 20(2), 357-378.
dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/20.500.12640/3328
identifier_str_mv Guillén, J. (2011). Latin American private pension funds’ vulnerabilities. Economía Mexicana Nueva Época, 20(2), 357-378.
url https://hdl.handle.net/20.500.12640/3328
dc.language.none.fl_str_mv Inglés
dc.language.iso.none.fl_str_mv eng
language_invalid_str_mv Inglés
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https://creativecommons.org/licenses/by-nc-nd/4.0/
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dc.publisher.country.none.fl_str_mv MX
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Latin American private pension funds’ vulnerabilities
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