Problems of pension system reforms, financial system stability and capital market development in the countries with transition economy.
Keywords:
financial system stability, pension system reform, minimum subsistence level, transition economy, capital marketAbstract
In most countries with transition economy problems of reforming the pension system arise. As a solution introduction of multi-pillar system of pension provision is recommended. The presented article is devoted to the analysis of the risks of introduction of mandatory funded pension system and the main mechanisms of mitigation of risks as well as the social aspects of the reform.References
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