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Identifying scenarios for the own risk and solvency assessment of insurance companies

Aigner, Philipp - 2023

Solvency II. However, there is evidence that the standard formula inaccurately reflects insurers’ risk situation and may … provide misleading steering incentives. In the second pillar, Solvency II requires insurers to perform a so-called “Own Risk … and Solvency Assessment” (ORSA). In their ORSA, insurers must establish their own risk measurement approaches, including …

Persistent link: https://www.econbiz.de/10014252282

Uncertainty over uncertainty in environmental policy adoption : Bayesian larning of unpredictable socioeconomic costs

Basei, Matteo; Ferrari, Giorgio; Rodosthenous, Neofytos - 2023

The socioeconomic impact of pollution naturally comes with uncertainty due to, e.g., current new technological developments in emissions' abatement or demographic changes. On top of that, the trend of the future costs of the environmental damage is unknown: Will global warming dominate or...

Persistent link: https://www.econbiz.de/10014277005

Uncertainty, politics, and crises : the case for cash

Rösl, Gerhard; Seitz, Franz - 2023

We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of the digital infrastructures, confidence crises of the financial system, natural disasters, political uncertainties, and inflationary crises. Based on a comprehensive literature survey,...

Persistent link: https://www.econbiz.de/10014299396

Transition risk uncertainty and robust optimal monetary policy

Dück, Alexander; Le, Anh H. - 2023

Climate change has become one of the most prominent concerns globally. In this paper, we study the transition risk of … and output growth during the transition risk. With optimal carbon price designs, it should react even less to inflation …

Persistent link: https://www.econbiz.de/10014299402

The impacts of global risk and US monetary policy on US Dollar exchange rates and excess currency returns

Bernoth, Kerstin; Herwartz, Helmut; Trienens, Lasse - 2023

related to global risk aversion and the convenience yield that investors are willing to pay for holding US Dollar assets. A … the post-crisis period, the impact of both the external shock and the inflation targeting shock on exchange rates and …

Persistent link: https://www.econbiz.de/10014305726