These Technical Notes on France explain integration of global financial markets. The stress tests for the France Financial Sector Assessment Program (FSAP) were designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach. Retail activity by...

The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either...

This review of financial sector regulation and supervision in the Kingdom of the Netherlands—Netherlands Antilles explains banking, insurance, and pension fund supervision. The Netherlands Antilles is resolved to remove the perception created by placement of the jurisdiction in the...

This paper highlights key findings of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on Monetary and Financial Policy Transparency, Banking Supervision, and Securities Regulation for Chile. The assessment reveals the Chilean banking system...

The commentary on the Czech translation of selected works of M. N. Rothbard analyses Rothbard's conception of an individual, society, utility, state, taxes as well as economics in order to investigate, whether the author cannot arrive at fallacies within framework of his programme (the...

This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third pillars of the pension system.

The concept of bancassurance has French origin but can be seen in German as Allfinanz and in English as Financial Services. The emergence of bancassurance concept can not be primarily attributed to any banks or insurance institutions. Approaching the two sectors was due to mutations occurring in...

Mobile Arbeitsformen wie die Telearbeit gewinnen im Rahmen der betriebswirtschaftlichen Diskussionen zu Arbeitsflexibilisierung, dezentralen Organisationsstrukturen und virtuellen Teams zunehmend an Bedeutung. Die vorliegende Studie fokussiert den Einfluss von Telearbeit auf das Team,...

Purpose: In forest insurance market, there are three main participants including the insurance company, the forest farmer and the government. As different participant has different benefit object, there will be a complex and dynamic game relationship among all participants. The purpose of this...

This paper studies the optimal dividend strategies of an insurance company when the manager has time-inconsistent preferences. We consider the problem for a naive manager and a sophisticated manager, and analytically derive the optimal dividend strategies when claim sizes follow an exponential...