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This paper discusses facets of the insurance-finance convergence and their competition. Differences and similarities … to the insurance world, such as non normal risks, catastrophic risks, contagions, and other situations where risks are … latent and macroeconomic risks that have pervaded insurance and financial insurance portfolios during the financial crisis …
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Competitiveness and industrial policy seem to play a critical role in the development and mutation of different spatialized socio-economic systems. This article aims to review the literature on these two concepts and suggest a novel theoretical framework. First, we identify that, in the relevant...
Persistent link: https://www.econbiz.de/10012830793
competition? Has it led to more or less credit risk? In all or some countries? In this study, we examine the evolution of … competition (through market power and concentration) and credit risk (through non-performing loans) in 2005-2017 across all euro … core and periphery with respect to competition and credit risk, especially post-crisis, in spite of some partial …
Persistent link: https://www.econbiz.de/10012302421
In this reply, we provide detailed answers to the remarks made by Tsionas on the use of stochastic frontier-based measures of market power in a part of our empirical study, which examines the fragmentation and convergence dynamics of market power, concentration and credit risk in the euro area...
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