The South African insurance sector is large, complex, internationally active, and competitive. Supported by high penetration and density of insurance products, the insurance sector has grown to account for 18 percent of the financial sector in South Africa. The industry hosts an unusually...

The Institutional View (IV) on the Liberalization and Management of Capital Flows, adopted in 2012, provides the basis for consistent advice, and where relevant, assessments on policies related to capital flows. This paper reviews the IV, informed by advances in research, notably the work on an...

Develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. This book explains how the design of the regulatory system influences the risk of a rate-regulated firm, as well as elaborates appropriate methods for the determination of the regulatory...

Spätestens seit dem Fall der Berliner Mauer galt der Neoliberalismus mit seiner Tendenz zur umfassenden Deregulierung als adäquate Epochenbestimmung. Seit einiger Zeit wird das Bild aber um einige Ambivalenzen reicher: Wirtschaftsfreundliche Regierungen wie in den USA oder Großbritannien...

The government of Japan has pledged to substantially reduce greenhouse gas (GHG) emissions in the coming decade. Japan is among the largest greenhouse gas emitting economies in the world exposing it to significant transition risk. Although Japan's overall exposure to physical risk is considered...