This paper reviews recent research at the intersection of industrial organization and corporate finance on credit default swap (CDS) markets. These markets have been at the center of the financial crisis of 2007–09 and many aspects of their operation are not well understood. The paper covers...

This article explores how financing frictions that originated from the demise of municipal bond insurers affected public sector employment outcomes during the 2008-9 financial crisis. I construct a new data set that combines local governments' characteristics, reliance on bond insurance, bond...

Finance and insurance are being transformed by Artificial Intelligence (AI). Nevertheless, the consumer is not passive in this process and there is some inhibition to trust. This research models trust in Fintech and trust in Insurtech. The two models are then compared to evaluate if trust in...

Examining the contractual disclosures during the sale of private-label residential mortgage-backed securities (RMBS) before the 2008 financial crisis, we find that textual contents in the risk-factor section predict subsequent losses and yet were not reflected in pricing. Insurance companies,...

This paper uses a unique data set of local governments’ bond issuance, expenditure, and employment to study the impact of the monoline insurance industry’s demise on local governments’ operations. To show causality, I use an instrumental variable approach that exploits persistent insurance...

The insurance industry has been and is very dynamic, directly related to the degree of penetration of insurance in a country's GDP and proportional to the level of evolution of states. It is recognized that in the past insurance was only an instrument for the protection of personal and even...

The purpose of the research is to assess the influence of empowering women on the growth of entrepreneurial businesses in Iraq, and what are the difficulties that women may face when entering the labor market, which included administrative and financing challenges, in addition to challenges in...

We examine the systemic risk of 61 SIFIs (i.e., 33 G-SIBs and 28 IAIGs) between 2010 and 2023. We estimate SIFI’s CoVaR using a single index model with LASSO variable selection and construct a set of tail risk network-based systemic risk measures for SIFIs. The results show that two shocks...

The paper presents the modelling techniques used on international practice for establishing life premiums quota. Thus, the calculus techniques used by the insurers are generally based on a series of indicators named mortality indicators which mainly point out the insured persons’ survival...

In the new context of globalization, it is apparent the growth of insurances industry. The insurance world is continuously changing. New insurance types come into sight, while the old ones are constantly revised. Most of the developed countries turned the insurance industry into a motor...