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A two-account life insurance model for scenario-based valuation including event risk

Jensen, Ninna Reitzel; Schomacker, Kristian Juul - In: Risks 3 (2015) 2, pp. 183-218

Using a two-account model with event risk, we model life insurance contracts taking into account both guaranteed and …

Persistent link: https://www.econbiz.de/10011709523

The impact of guarantees on the performance of pension saving schemes: Insights from the literature

Bohnert, Alexander - In: Risks 3 (2015) 4, pp. 515-542

Guarantees are often seen as the key characteristics of pension saving products, but securing them can become costly … deal with the question of how costly the typical types of guarantees are, in the sense that they reduce a pension saving … literature studying the impact of point-to-point guarantees and cliquet-style interest rate guarantees on the performance of …

Persistent link: https://www.econbiz.de/10011709538

Guarantees used in refundable financing of innovation in micro, small and medium-sized enterprises: The regional bank for the development of the extreme South Inova program

Cunha Schmidt, Richard; Hoffmann, Micheline Gaia - In: Innovation & Management Review 16 (2019) 3, pp. 253-268

authors identified the guarantees used in each of the signed contracts, through a documentary survey. Next, semi … guarantees required by financial institutions stands out. Focused on this problem, in 2013, the Regional Bank for the Development … of the Extreme South (BRDE) created a policy to stimulate innovation, making the required guarantees for financing …

Persistent link: https://www.econbiz.de/10012484267

Firms' participation in the Swiss COVID-19 loan programme

Fuhrer, Lucas Marc; Ramelet, Marc-Antoine; Tenhofen, Jörn - In: Swiss Journal of Economics and Statistics 157 (2021) 1, pp. 1-22

This paper analyses the determinants of firm participation in the Swiss COVID-19 loan programme, which aims to bridge firms' liquidity shortfalls that have resulted from the pandemic. State-guaranteed COVID-19 loans are widely used by Swiss firms, with 20% of all firms participating, resulting...

Persistent link: https://www.econbiz.de/10013205808

On guarantees, vetoes and random dictators

Bogomolnaia, Anna; Holzman, Ron; Moulin, Hervé - In: Theoretical Economics 18 (2023) 1, pp. 97-127

A mechanism guarantees a certain welfare level to its agents, if each of them can secure that level against unanimously … familiar random dictator and voting by veto mechanisms yields a large family of maximal guarantees: it is exhaustive if n=2 and …

Persistent link: https://www.econbiz.de/10014536908

Matching to share risk

Chiappori, Pierre-André; Reny, Philip J. - In: Theoretical Economics 11 (2016) 1, pp. 227-251

We consider a matching model in which individuals belonging to two populations (\textquotedblleft males\textquotedblright\ and \textquotedblleft females\textquotedblright ) can match to share their exogenous income risk. Within each population, individuals can be ranked by risk aversion in the...

Persistent link: https://www.econbiz.de/10011599568

What Difference Would a Capital Markets Union Make for Risk-Sharing in the EU?

D'Imperio, Paolo; Schelkle, Waltraud - In: Vierteljahrshefte zur Wirtschaftsforschung 86 (2017) 2, pp. 77-88

A Capital Markets Union (CMU) is the great hope of European policymakers. The plan for a CMU tries to reduce the reliance of European investors on banks and build up a market-based risk-sharing channel between member states. Our empirical analysis raises doubts that this can be achieved through...

Persistent link: https://www.econbiz.de/10012054628

A discussion of a risk-sharing pension plan

Donnelly, Catherine - In: Risks 5 (2017) 1, pp. 1-20

I show that risk-sharing pension plans can reduce some of the shortcomings of defined benefit and defined contributions plans. The risk-sharing pension plan presented aims to improve the stability of benefits paid to generations of members, while allowing them to enjoy the expected advantages of...

Persistent link: https://www.econbiz.de/10011709585

European bank deposit insurance could cushion impact of corona-induced corporate insolvencies

Clemens, Marius; Gebauer, Stefan; König, Tobias - In: DIW Weekly Report 10 (2020) 32/33, pp. 325-333

The European banking union has so far lacked its third pillar: a joint insurance fund for bank savings deposits. As the present study shows, this could be a major disadvantage in dealing with the economic impact of the corona pandemic. A scenario in which a wave of corporate insolvencies leads...

Persistent link: https://www.econbiz.de/10012291447

Europäische Bankeinlagensicherung könnte Folgen von coronabedingter Insolvenzwelle bei Unternehmen abfedern

Clemens, Marius; Gebauer, Stefan; König, Tobias - In: DIW Wochenbericht 87 (2020) 32/33, pp. 543-552

Der europäischen Bankenunion fehlt bisher die dritte Säule: ein gemeinsamer Sicherungsfonds für die Einlagen von SparerInnen bei Banken. Wie diese Studie zeigt, könnte dies im Zuge der wirtschaftlichen Auswirkungen der Corona-Pandemie Nachteile mit sich bringen. Ein Szenario, in dem es durch...

Persistent link: https://www.econbiz.de/10012291448