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Finance and Credit
 

Speculative nature of institutions funded pension system, their instability and destabilizing manifestations

Vol. 18, Iss. 45, DECEMBER 2012

Available online: 6 December 2012

Subject Heading: Pension system

JEL Classification: 

Andriyanov V.P. PhD in Economic Sciences, Associate Professor of department "Economics, Finance and Statistics", the Nizhny Novgorod State University of Architecture and Civil Engineering
andriyanovvp@mail.ru

System data and conclusions are provided in the article on institutes of the modern accumulative pension of the Russian Federation system which has been built in speculative stock market destabilizing economy, the state and society. Scales of their destabilizing growth in comparison with gross domestic product and the stock market are shown.

Keywords: funded pension system, mandatory pension insurance, non-state pension insurance, institute, nongovernmental pension fund, managing company, Unit Investment Fund, factor, stock market, gross domestic product, financial speculations, destabilization of the economy

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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