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To prepare for the eventual liberalization of Myanmar’s financial sector, it is also important to understand its impact on economic growth, poverty, and income distribution. A history of economic isolation has left Myanmar with a small and underdeveloped financial market. It has also led to concentration of credit in the public sector and large enterprises in urban areas, leaving agriculture and small and medium-sized enterprises (SMEs) poorly served. Given these salient features of financial markets in Myanmar, a key question for policy makers to ask before financial liberalization is how it will affect income distribution and poverty, as well as overall economic growth. Against this background, this selected issues paper attempts to shed some light on the macroeconomic and distributional implications of financial sector reform, with assistance of a dynamic stochastic general equilibrium (DSGE) model.
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In this article, we investigate the level of diversity of the largest 100 pension funds in the Netherlands. Our results indicate that pension fund boards mainly consist of males close to retirement. We compare pension fund board diversity in the Netherlands with diversity in (inter)national corporations and find similar levels of diversity. This high level of similarity indicates that the large body of research on corporate board diversity can potentially be useful when improving pension fund board diversity in the Netherlands and potentially elsewhere.
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