whole and the micro characteristics of individual banks connected with system risk …English Abstract: The importance of systemic risk has been highlighted since the 2008 global financial crisis. In this … paper, we propose a model that considers the cross-sectional and time series aspects of systemic risk simultaneously. Using …

based on the annual data of 2000 to 2004 for all domestic banks and insurance companies. The stability test indicates that … expansion of bancassurance decreases the stability of banks. Furthermore, the efficiency test implies that with the extension of …

in the safety net and the integrated risk management over bank and insurance industry. First, the safety net institutions … regulatory regimes over bank and insurance industry may induce the regulatory capital arbitrage chances, and lead to the risk … transfer among the financial institutions. Worse scenario is that this may trigger the increase of the systemic risk and that …

banks and life insurance companies may be significantly negatively affected …

deposit insurance system in Korea, should be fully discussed when establishing an investor protection fund …

the Korean guarantee insurance data show how much the guarantee insurance is related with the financial system risk in the … followings: First, the guarantee insurance is more related with financial system risk than casualty and property insurance …. Second, The fat-tail risk of guarantee insurance may prevent the diversification effect of integrating the guarantee …

life insurance-variable annuity and variable universal life insurance-responds to exogenous shocks to macroeconomic … exogenous shocks. Our findings are that the lapse rate of variable life insurance responds negatively to a shock to CD rates …