RSS
E-mail alert
Sitemap
FAQ
Contact
Log out
Advanced search
About BIS
Overview
Organisation
Board of Directors
Management
Annual General Meeting
Activities
History
Overview
Former Management
Former Board
BIS Chronology
Archive collections
Conditions for using the archives
Legal information
Administrative Tribunal of the BIS (ATBIS)
Hague Arbitral Tribunal
Fraudulent schemes
Shares withdrawal
Representative offices
Americas Office
Asian Office
Careers
Why join the BIS?
BIS departments
Meet our people
Applying to the BIS
Relocating
Information for partners
Current vacancies
Contact
Central bank hub
Overview
Central bank websites
Central bankers' speeches
Research hub
Recent additions
by Institution
by JEL classification
by Author
Search titles and abstract
Research Hub email alert
Central Bank Governance Forum
International Journal of Central Banking
Regulatory authorities and supervisory agencies
Monetary & financial stability
Overview
Basel Committee on Banking Supervision
About the Basel Committee
History of the Committee
Fact sheet
Basel III
Publications
Press releases
Speeches
Events
Joint Forum
Working Papers
Newsletters
Comments by BCBS
Committee on the Global Financial System
Fact sheet
Mandate
Publications
Committee on Payment and Settlement Systems
Background information
Publications
Fact sheet
Payment system information
Payment statistics
Glossary of Terms
Index of Spanish translations
Index of French translations
Contact CPSS
Irving Fisher Committee
Fact sheet
Publications
Members
Events
History
Contact
Financial Stability Institute
Events and programme
FSI Connect
Publications
Contact FSI
Other BIS-hosted organisations
Banking services
Bank for central banks
Products and services
Financial statements
Publications & research
Research at BIS
by Author
Annual Report
Quarterly Review
BIS Papers
Working Papers
Committee publications
Basel Committee on Banking Supervision
Committee on the Global Financial System
Committee on Payment and Settlement Systems
Conferences
Other publications
Asian Office research
Research papers
Conferences
Asian research networks
Links
Contacts
Statistics
About BIS statistics
Release calendar
Banking
Locational
Consolidated
Commentary on preliminary data
Securities
Derivatives
Regular OTC Derivatives Market
Effective exchange rates
Foreign exchange
External debt
Payment systems
Property prices
Press & speeches
Overview
Press releases
BIS management speeches
Central bankers' speeches
BIS photo gallery
Embargo area
News archive
Overview
Central bank websites
Central bankers' speeches
Research hub
Recent additions
by Institution
by JEL classification
by Author
Search titles and abstract
Research Hub email alert
Central Bank Governance Forum
International Journal of Central Banking
Regulatory authorities and supervisory agencies
Home
Central bank hub
Central bankers' speeches
Nils Bernstein: The role of the pension sector in the economy
Version without frames
Frame embedding is not supported by your browser. Please <a href="/review/r061215d.pdf?frames=0">go directly to the PDF</a>. <object data="/review/r061215d.pdf?frames=0" type="application/pdf" height="800" width="100%"> Object embedding is not supported by your browser. Please <a href="/review/r061215d.pdf?frames=0">go directly to the PDF</a>. </object>
