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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 …
Persistent link: https://www.econbiz.de/10013135255
sample containing financial information from 621 healthcare insurance companies for the year 2006, show that different … importance of efficient management of working capital to the performance and survival of healthcare insurance companies …
Persistent link: https://www.econbiz.de/10014167368
The traditional approach to the stress testing of financial institutions focuses on capital adequacy and solvency. Liquidity stress tests have been applied in parallel to and independently from solvency stress tests, based on scenarios which may not be consistent with those used in solvency...
Persistent link: https://www.econbiz.de/10012251907
Persistent link: https://www.econbiz.de/10012238515
We develop a parsimonious model to study the equilibrium structure of over-the-counter securities markets. We show that regulations aimed at reducing counterparty risk and improving liquidity can be ineffcient. Such regulations have a direct positive effect on entry in those markets, thus...
Persistent link: https://www.econbiz.de/10011873224
and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …
Persistent link: https://www.econbiz.de/10010522552
This book chapter provides a comprehensive primer on regulation in Missouri governing insurance companies suffering …
Persistent link: https://www.econbiz.de/10013125664
We suggest a new mechanism–the liquidity insurance channel–based on the widespread reliance of high credit quality …
Persistent link: https://www.econbiz.de/10012936015
To what extent do credit lines provide liquidity insurance? We investigate this question using a unique dataset with …
Persistent link: https://www.econbiz.de/10012975648
alleviate credit constraints for their downstream partners, and the role this type of liquidity insurance plays in buyers' cash …
Persistent link: https://www.econbiz.de/10012854219