Credit unions generate surpluses over their operations by the difference between rates charged less cost of services and/ or thedifference between rates paid and charged in the operations of financial intermediation between their members. In this context, thereare important management decisions...

Die Geburten starken Nachkriegsgenerationen profitieren vom jahrzehntelangen wirtschaftlichem Abschwung und haben einen beträchtlichen Wohlstand erarbeitet und erspart. Im Vergleich zu jüngeren und älteren Generationen ist ein subsantieller Teil ihres Vermögens in Immobilien gebunden. In den...

The last year has seen a transition inCASE’s activities, with the completionof our long-term programme for theEconomic and Social Research Council(ESRC) in January, results from whichwere brought together in a conferenceto celebrate the Centre’s tenthanniversary in January, with...

The aim of this paper is to analyze the impact of management’s strategic choice of asset and liability composition in life insurance on shortfall risk and the shareholders’ fair risk charge. In contrast to previous work, we focus on the effectiveness of management decisions regarding the...