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We study a pricing model for global and local sources of risk in six Eastern European emerging stock markets. Utilizing GMM estimation and an unconditional asset-pricing framework with and without time-varying betas, we perform estimations based on monthly data from 1996 to 2007 for Poland, the...
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At the start of Solvency II in January 2016, there is no overview of the insurance market in Europe. This paper … dataset of cross-border insurance in Europe. We find that cross-border business in insurance is higher than in banking. We … also find that the share of cross-border insurance has increased over the last decade, notwithstanding the global financial …
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