from a financial recession using a model that can account for the observed default and leverage dynamics during the … account for the observed default and leverage dynamics. Following an adverse aggregate shock, banks deleverage through two …

objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably … hazard insurance develop. This paper has a dual objective: 1) review the complex legal background that rules the provision of … insurance against natural catastrophes in the EU after these major reforms; 2) assess the implications of the reforms and offer …

India's insurance sector has been growing dynamically in the last couple of years. Despite the suite of reforms that … have been implemented to stoke the sector's growth, it still has a long way to go, as its share in the global insurance … market remains abysmally low. In this paper, we analyse the Indian insurance sector and trace its evolution and growth. We …