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Evaluating the Role of Insurance in Managing Risk of Future Pandemics

Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...

Persistent link: https://www.econbiz.de/10012585452

Derivatives Usage in Risk Management by US and German Non-Financial Firms : A Comparative Survey

Bodnar, Gordon M. - 1998

This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …

Persistent link: https://www.econbiz.de/10012472108

Derivatives Markets for Home Prices

Shiller, Robert J. - 2008

beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales …

Persistent link: https://www.econbiz.de/10012464687

Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns

Ahn, Dong-Hyun - 1999

This paper investigates the relation between returns on stock indices and their corresponding futures contracts in order to evaluate potential explanations for the pervasive yet anomalous evidence of positive, short-horizon portfolio autocorrelations. Using a simple theoretical framework, we...

Persistent link: https://www.econbiz.de/10012471575

Valuing the Futures Market Clearinghouse's Default Exposure During the 1987 Crash

Bates, David - 1998

Futures market clearinghouses are intermediaries that make large volume trading between anonymous parties feasible. During the October 1987 market crash rumors spread that a major clearinghouse might fail. This paper presents estimates of three measures of the default exposure on the popular...

Persistent link: https://www.econbiz.de/10012472298

Fixing Capital Gains : Symmetry, Consistency and Correctness in the Taxation of Financial Instruments

Bradford, David F. - 1996

A great deal of effort and ingenuity has been addressed to patching holes in the income tax attributable to realization accounting. A classic instance of the problem is the headachescreated by capital gains, whereby the taxpayer can choose to postpone recognition of gain and accelerate...

Persistent link: https://www.econbiz.de/10012473080

Banks and Derivatives

Gorton, Gary - 1995

In the last ten to fifteen years financial derivative securities have become an important, and controversial, product …, the difficulties with accurately reporting timely information concerning the value of firms' derivative positions, and the …

Persistent link: https://www.econbiz.de/10012473787

Over-the-Counter Derivatives and Systemic Risk to the Global Financial System

Darby, Michael R. - 1994

Over the last decade dealing in derivative financial instruments (basically forwards, futures, options and combinations …

Persistent link: https://www.econbiz.de/10012474119

Aggregate Income Risks and Hedging Mechanisms

Shiller, Robert J. - 1993

Estimates are made, from time series data on real gross domestic products, of the standard deviations of returns in markets for perpetual claims on countries' incomes. The results indicate that the variability of returns is of a magnitude comparable to that of returns in stock markets. Evidence...

Persistent link: https://www.econbiz.de/10012474555

Security Baskets and Index-Linked Securities

Gorton, Gary - 1991

Security baskets and index-lined securities are securities whose values are functions of the cash flows or values of other assets. Creation of these "composite" securities would seem to be redundant since investors can cost1ess1y replicate them. In this paper we study the existence and optimal...

Persistent link: https://www.econbiz.de/10012475296

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