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

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 58 ; Year: 2023 ; Issue: 3 ; Pages: 155-159

Classification and Topics

• Classification: Wirtschaft ; Financial Crises ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Financial Institutions and Services: Government Policy and Regulation
• Subject: financial sector ; financial system ; stability ; pension fund ; financial market supervision ; Great Britain ; Finanzsektor ; Finanzsystem ; Stabilität ; Pensionskasse ; Finanzmarktaufsicht ; Großbritannien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gudjonsson, Jon ; Hougaard Jensen, Svend Erik
• Event: Veröffentlichung
• (who): Sciendo
• (where): Warsaw
• (when): 2023

Further information

• DOI: doi:10.2478/ie-2023-0032
• Handle: http://hdl.handle.net/10419/275712
• Last update: 10.03.2025, 11:42 AM CET