2004 - Capital Markets In the Long Term: Demography, Economic Development and Funded Pension Systems

Conference reader of the conference organized jointly by Michael Heise (Allianz Group, Frankfurt am Main), and Volker Wieland (University of Frankfurt and Center for Financial Studies) on September 23, 2004 in Frankfurt.


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Content

  • Foreword
  • Conference Summary
  • Opening Remarks
  • Price stability and macroeconomic volatility in the euro-area-the positive supply-side effects of credible and predictable monetary policy
  • Capital markets and demography (a survey of financial experts)
  • The effects of demographic changes on aggregate savings: some implications from the life cycle model
  • Household demographics and the composition of savings
  • Demography, savings, and global capital markets
  • Demography, exchange rates and financial assets: a two-country perspective
  • Striking the balance between regulation and performance