Showing 1 - 10 of 568
Sweden in the areas of insurance sector regulation and supervision. The regulatory and supervisory framework has been … recommended to strengthen solvency regulation further. Solvency II should be applied in full to occupational pensions insurance …
Persistent link: https://www.econbiz.de/10011756173
We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects...
Persistent link: https://www.econbiz.de/10012458419
preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have …
Persistent link: https://www.econbiz.de/10011460156
The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
privately observable, idiosyncratic random events. The information structure precludes conventional insurance arrangements …. However, a financial institution -- perhaps best viewed as a savings bank -- can provide partial insurance by generating a …, resulting in a level of expected utility higher than that achievable in simple security markets. Insurance is incomplete because …
Persistent link: https://www.econbiz.de/10012477783
We investigate how banking relationships that combine lending and underwriting services affect the terms of lending … risk insurance, which is manifested in a reduced demand for lines of credit. We also find evidence of a “road showâ …
Persistent link: https://www.econbiz.de/10012466039
service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in … these services by 2007 (and for banking, perhaps in the world), the starting point for implementing these policy changes …
Persistent link: https://www.econbiz.de/10012468551
The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012466213
. The analysis includes a set of multivariate time series models that relate measures of banking and equity market activity …
Persistent link: https://www.econbiz.de/10012471335
During the past 15 years employment and current dollar gross product continued to shift to the Service sector at about the same rate as in the early post-World War II period, while the Service sector's share of gross product in constant dollars remained relatively constant. Productivity (as...
Persistent link: https://www.econbiz.de/10012478924