Showing 1 - 10 of 773
Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a purchase of self-insurance motive to remit, we also provide evidence of more remittances sent by risk averse …
Persistent link: https://www.econbiz.de/10010333343
-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …
Persistent link: https://www.econbiz.de/10012018283
Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … a "purchase of self insurance" motive to remit, we also provide evidence of more remittances sent by risk averse …
Persistent link: https://www.econbiz.de/10014532676
sensitivity and the damage ratio, and correlated shocks. We identify prudence, insurance, and exposure effects, reproduce earlier …
Persistent link: https://www.econbiz.de/10012606012
I revisit the question of which motive underlies insurance demand. I draw on the literature of state-dependent utility … and on the literature of imperfectly divisible consumption to argue that the general purpose of insurance is not a risk … transfer, but meeting a conditional need. In this way, insurance aligns the risk in one's ftnancial endowment with the risk in …
Persistent link: https://www.econbiz.de/10012623164
uniform. We analyze how climate risks could be reduced via an insurance scheme at the global scale across regions and quantify …
Persistent link: https://www.econbiz.de/10010491221
Using the industrial organization approach to the microeconomics of banking we model a large (Monti-Klein) bank which is risk neutral and faces credit uncertainty in its loan business. The impact of capital adequacy regulation and the effect of changes in risk on deposit and loan rates are...
Persistent link: https://www.econbiz.de/10010291691
In einem einfach gehaltenen Bankmodell untersucht der Beitrag die ökonomischen Wirkungen des Einsatzes von Derivaten für marktgängige und nicht marktgängige Risiken. Wir betrachten das klassische Kredit– und Einlagengeschäft einer kompetitiven Bank. Sind Kreditausfall- und...
Persistent link: https://www.econbiz.de/10010291696
Using the industrial economics approach to the microeconomics of banking we analyze a large bank under credit risk. Our aim is to study how a risky loan portfolio affects optimal bank behavior in the loan and deposit markets, when credit derivatives to hedge credit risk are available. We examine...
Persistent link: https://www.econbiz.de/10010291703
This study questions the popular stereotype that women are more risk averse than men in their financial investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. In our analysis of investment decisions, we directly...
Persistent link: https://www.econbiz.de/10010291778