, they are frequently seen as uneconomical products, which is caused mainly by the fact that insurance policies compensations … of such insurance types, carry out an accurate valuation of the unit-linked insurance portfolio, as well as to … investigate financial surplus in relation to a traditional insurance with guaranteed sum. …

investors with independent preferences for ambiguity and risk shows that, since CDS contracts are assets in zero net supply, the … net credit risk exposure of the marginal investor determines the sign of the impact of ambiguity on CDS spreads. We find …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …

stock returns and credit default swap spreads of UK financial institutions. Examining a sample of 73 UK-listed banks and …

We test the naive model to forecast ex-ante Value-at-Risk (VaR) using a shrinkage estimator between realized volatility … operators expectation about future risk, while the historical volatility straightforwardly represents the realized risk prior to … both on the expected future risk and on the past estimated risk. We examine the model presented by (Cesarone and Colucci …