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This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity … risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity … has emerged as a key risk affecting individuals, pension plans, insurers and governments in both the developed and …
Persistent link: https://www.econbiz.de/10011278005
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity … risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity … has emerged as a key risk affecting individuals, pension plans, insurers and governments in both the developed and …
Persistent link: https://www.econbiz.de/10011278021
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity … risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity … has emerged as a key risk affecting individuals, pension plans, insurers and governments in both the developed and …
Persistent link: https://www.econbiz.de/10011278170
This paper discusses what is longevity risk, why it is important, approaches used by the West to manage longevity … risk and what lessons can be learnt by Asian countries from the experiences of the West. Increasing and uncertain longevity … has emerged as a key risk affecting individuals, pension plans, insurers and governments in both the developed and …
Persistent link: https://www.econbiz.de/10011278226
We investigate two methods for using daily stock returns to forecast, and update forecasts of, quarterly real output growth. Both methods aggregate daily returns in some manner to form a single stock market variable. We consider (i) augmenting the quarterly AR(1) model for real output growth...
Persistent link: https://www.econbiz.de/10009363654
This paper introduces a parsimonious and yet flexible nonnegative semiparametric model to forecast financial volatility. The new model extends the linear nonnegative autoregressive model of Barndorff-Nielsen & Shephard (2001) and Nielsen & Shephard (2003) by way of a power transformation. It is...
Persistent link: https://www.econbiz.de/10009363893
Driven by the increasingly important role of supply chains in global production, this paper studies empirical association between global credit-market shocks and firm behavior towards liquidity needs across countries and industries. Focusing on the adjustment of working-capital financing, we...
Persistent link: https://www.econbiz.de/10011278009
Driven by the increasingly important role of supply chains in global production, this paper studies empirical association between global credit-market shocks and firm behavior towards liquidity needs across countries and industries. Focusing on the adjustment of working-capital financing, we...
Persistent link: https://www.econbiz.de/10011278099
This study aims at empirical investigation of the x-efficiency, scale economies, and technological progress of commercial banks operating in Pakistan using balance panel data for 29 banks. As banking sector efficiency is considered as a precondition for macroeconomic stability, monetary policy...
Persistent link: https://www.econbiz.de/10009363799
This paper proposes a use of multi-factor seemingly unrelated regression (SUR) in event study analysis to study mergers and acquisitions in Singapores financial industry. We also study the cross-sector (banking and insurance) domestic acquisition in Singapores financial industry. By contrasting...
Persistent link: https://www.econbiz.de/10009363889