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safety revolution occurred that saw shipping losses and insurance rates on oceanic routes almost halved thanks to steady …
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We build a moral hazard model to study incentives of financial intermediaries (shortly, bankers) facing a leverage-insurance …, like those of insurance companies and pension funds (ICPFs), which allocate capital to bankers to reach for yield and meet …
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risk. Using the U.S. life insurance industry as a laboratory, we present a model in which variable annuity (VA) guarantees …
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This paper replies to commentaries by Sam White and by Ulf Büntgen and Lena Hellmann on our 'The Waning of the Little Ice Age: Climate Change in Early Modern Europe'. White and Büntgen/Hellmann seek to prove that Europe experienced the kind of sustained falls in temperature between the...
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