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Is the risk-based mechanism always better? : the risk-shifting behavior of insurers under different guarantee schemes
Dong, Ming; Gruendl, Helmut; Schlütter, Sebastian - In: The journal of insurance issues : official journal of … 38 (2015) 1, pp. 72-95
Persistent link: https://www.econbiz.de/10011380761
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The risk-shifting behavior of insurers under different guarantee schemes
Dong, Ming; Gründl, Helmut; Schlütter, Sebastian - 2012
Insurance guarantee schemes aim to protect policyholders from the costs of insurer insolvencies. However, guarantee …-shifting behavior for insurance guarantee schemes under the two different financing alternatives: a flat-rate premium assessment versus … expected utility. We find that the risk-based insurance guarantee scheme can only mitigate the insurer's risk-shifting behavior …
Persistent link: https://www.econbiz.de/10009692103
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Is the Risk-Based Mechanism Always Better? The Risk-Shifting Behavior of Insurers Under Different Insurance Guarantee Schemes
Dong, Ming - 2017
Insurance guarantee schemes (IGSs) aim to protect policyholders from the costs of insurer insolvencies. However, IGSs … of a stock insurer under insurance guarantee schemes with two di fferent fi nancing alternatives: a flat-rate premium …
Persistent link: https://www.econbiz.de/10012973223
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Competition, risk-shifting, and public bail-out policies
Gropp, Reint; Hakenes, Hendrik; Schnabel, Isabel - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured competitor banks for any given bank, and analyze the...
Persistent link: https://www.econbiz.de/10003923903
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Competition, risk-shifting, and public bail-out policies
Gropp, Reint; Hakenes, Hendrik; Schnabel, Isabel - In: The review of financial studies 24 (2011) 6, pp. 2084-2120
Persistent link: https://www.econbiz.de/10009155213
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Costly financial crises
Samartín, Margarita - 1999
Persistent link: https://www.econbiz.de/10001375531
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Competition, Risk-Shifting, and Public Bail-Out Policies
Gropp, Reint - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured competitor banks for any given bank, and analyze the...
Persistent link: https://www.econbiz.de/10013152365
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Government Guarantees, Transparency, and Bank Risk-Taking
Cordella, Tito - 2017
This paper presents a model of bank risk taking and government guarantees. Levered banks take excessive risk, as their actions are not fully priced at the margin by debt holders. The impact of government guarantees on bank risk taking depends critically on the portion of bank investors that can...
Persistent link: https://www.econbiz.de/10012962318
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Competition, Risk-Shifting, and Public Bail-Out Policies
Gropp, Reint; Hakenes, Hendrik; Schnabel, Isabel - 2010
This paper empirically investigates the effect of government bail-out policies on banks outside the safety net. We construct a measure of bail-out perceptions by using rating information. From there, we construct the market shares of insured competitor banks for any given bank, and analyze the...
Persistent link: https://www.econbiz.de/10014198615
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A Note on Deposit Insurance and Risk Taking
Okat, Deniz - 2022
equilibrium. Deposit insurance reduces the banker’s liability by eliminating such compensation. This reduced liability gives the …
Persistent link: https://www.econbiz.de/10013404430