Pension Funds and Financial Stability: The Case of the UK Gilt Crisis

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

164 Downloads (Pure)

Abstract

While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on households and firms. Using the UK gilt crisis as a case in point, we recommend widening the scope for macroprudential policy to reflect the significance of pension funds for financial stability.
OriginalsprogEngelsk
TidsskriftIntereconomics: Review of European Economic Policy
Vol/bind58
Udgave nummer3
Sider (fra-til)155–159
Antal sider5
ISSN0020-5346
DOI
StatusUdgivet - jun. 2023

Citationsformater