form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …

form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …

We suggest a new mechanism–the liquidity insurance channel–based on the widespread reliance of high credit quality …

disaster-exposed insurers cause low GDP growth and high unemployment. Our results indicate that insurance companies propagate …We study the role of insurance companies in propagating liquidity shocks to the real economy. We use natural disasters … affects regional-level fiscal conditions and drives GDP growth and unemployment. We illustrate our approach with Hurricane …

investors' financial conditions affect the management of their portfolios? We address this issue using the insurance industry …

that insurance companies hold. Until very recently and within the scope of Solvency II, liquidity risk was only considered … under Pillar II, i.e. the proposal was that insurance companies should perform a mere qualitative evaluation of it. Nowadays … Portuguese insurance sector, using actual portfolio holdings. The main empirical findings confirm liquidity risk is an important …

This paper aims to present the insurance cost-of-capital computation issue. It highlights two methodologies introduced … adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on the … modelling of insurance business profit and loss. We estimate a cost-of-capital rate corresponding to these basic methodologies …

risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …