Farkas, Walter; Koch-Medina, Pablo; Munari, Cosimo - In: Insurance: Mathematics and Economics 55 (2014) C, pp. 58-67
range of eligible assets is important because, as exemplified by the recent financial crisis, assuming the existence of … examples show that a theory of capital requirements allowing for general eligible assets is richer than the standard theory of … chosen eligible asset targeting a pre-specified acceptability test. We allow for general acceptance sets and general eligible …