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Erscheinungsjahr: 
2023
Quellenangabe: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Volume:] 58 [Issue:] 3 [Year:] 2023 [Pages:] 155-159
Verlag: 
Sciendo, Warsaw
Zusammenfassung: 
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.
Schlagwörter: 
financial sector
financial system
stability
pension fund
financial market supervision
Great Britain
JEL: 
G01
G23
G28
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