Using evidence from Russia, we explore the effect of the introduction of deposit insurance on bank risk. Drawing on … variation in the ratio of firm deposits to total household and firm deposits before the announcement of deposit insurance, so as … to capture the magnitude of the decrease in market discipline after the introduction of deposit insurance, we demonstrate …

We examine the relationship between private bank deposits and macro/fiscal risk in the euro area. We test three … hypotheses: First, private bank deposits relative to Germany are determined by macro/fiscal risk factors. Second, this … relationship is time-varying. Third, time-variation is driven by the level of macro/fiscal risk. Our findings validate all three …

that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the … costlessly observable, then it should be included in the contract to improve the risk sharing-incentive trade-off under moral … show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …

(CAPM) to price assets in different market structures. Second, we use our model to analyze whether when markets are … partially segmented using the local or the global CAPM yields significant errors in the estimation of the cost of capital for a …

(consumption correlation puzzle), the low risk-free rate (risk-free rate puzzle) and the high equity risk premium (equity premium …

such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of …, which illustrate ourmethodology in several types of insurance markets subject to systemic risk. …High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For …