Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10011437268
Persistent link: https://www.econbiz.de/10011820859
Persistent link: https://www.econbiz.de/10010438027
Persistent link: https://www.econbiz.de/10010251554
Purpose – The purpose of this paper is to propose a framework based on cash flow matching for computing the Solvency Capital Requirement under Solvency II. Design/methodology/approach – The time horizon of the insurance liabilities is typically longer than the maturities of bonds available...
Persistent link: https://www.econbiz.de/10010691553
Purpose – The purpose of this paper is to propose a framework based on cash flow matching for computing the Solvency Capital Requirement under Solvency II. Design/methodology/approach – The time horizon of the insurance liabilities is typically longer than the maturities of bonds available...
Persistent link: https://www.econbiz.de/10010815078
Purpose – The paper aims to examine the practical importance of the finding of Mayers and Smith, that underinvestment is a problem when debt exposed to bankruptcy is part of the financial structure. Design/methodology/approach – The paper examines critically the assumptions underlying the...
Persistent link: https://www.econbiz.de/10010815110
Purpose – The paper aims to examine the practical importance of the finding of Mayers and Smith, that underinvestment is a problem when debt exposed to bankruptcy is part of the financial structure. Design/methodology/approach – The paper examines critically the assumptions underlying the...
Persistent link: https://www.econbiz.de/10004987496