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The carry-over effect is the advance contribution of the old year to growth in the new year. Among practitioners the informative content of the carry-over effect for short-term forecasting is undisputed and is used routinely in economic forecasting. In this paper, the carry-over effect is...
Persistent link: https://www.econbiz.de/10008697431
In the paper we research statistical properties of the Central European stock markets. We focus mainly on the tail behavior of the Czech, Polish, and Hungarian stock markets and compare them to the benchmark U.S. and German stock markets. We fit the data of the 4-year period from March 2005 to...
Persistent link: https://www.econbiz.de/10003958706
The vast majority of regions in West Germany, and the EU, have become more similar in terms of per-capita income and productivity between 1980 and 2000. But a number of rich areas - generally large agglomerations - have succeeded in departing from this trend of convergence. They are continuing...
Persistent link: https://www.econbiz.de/10003324227
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focused on the public sector. Insurance providers may have much to contribute as they offer other parts of society services to … how the insurance industry and the public sector can coordinate their actions to promote climate change adaptation, the … study discusses how layered natural hazard insurance systems may result from attempts to deal with increasing risks due to …
Persistent link: https://www.econbiz.de/10010846887
This article deals with the impact of Equal Treatment Law on the insurance of risks related to an HIV positive person … differentiations in insurance contracts are usually justifiable. In addition normally there is no unlawful treatment with regard to …
Persistent link: https://www.econbiz.de/10010927792
This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural … system change are numerous, including failure to recognise the role of state guarantees in enabling private insurance markets …, mistaken legal objections against mandatory insurance, distributional conflicts between central and state governments and re …
Persistent link: https://www.econbiz.de/10010294830
financial theory and insurance pricing theory, co-integration analysis was performed to check possible causes of structural …/international. Although the financial theory and the insurance pricing theory suggest that the loss ratio series should be co-integrated with …
Persistent link: https://www.econbiz.de/10005002424