announcements negatively impact the equity values of life insurance companies (and vice versa). Next, we demonstrate that the bank … signaling or information-based contagion effect. An example of a pure contagion effect would be the negative effects of a bank … failure spilling over to other banks regardless of the cause of the bank failure. And, an example of a signaling contagion …

insurance: they are sensitive to shocks to regional rainfall and they respond to household level events. The paper goes on to … consider how the quality of insurance that is offered through remittances affects household risk taking behavior. Specifically …, we show that the likelihood and the amount of gambling increase with the quality of informal insurance. The findings …

Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Executives' Club of …