This paper provides further evidence regarding the effect of deposit insurance on the risk-shifting behavior at commercial banks in the United States. In particular, we compare the risk-shifting behavior of commercial banks before and after adopting the risk-based capital requirements in the...

This paper complements the extant literature to evaluate the prices of dynamic guaranteed funds when the price of underlying naked fund follows a double exponential jump-diffusion process. We first derive the closed-form solution for the Laplace transform of dynamic guaranteed fund price, and...