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Has the Basel Accord Improved Risk Management During the Global Financial Crisis?

McAleer, Michael; Jiménez-Martín, Juan-Ángel; … - 2013

associated capital costs of ADIs, depending in part on the number of previous violations, whereby realised losses exceed the …

Persistent link: https://www.econbiz.de/10010326358

Asset-Liability Management bei Komposit- und Lebensversicherern : Besinnung auf die Grundlagen

Friese, Sebastian; Mittendorf, Thomas - 2003

In jüngster Vergangenheit hat die Versicherungswirtschaft einen grundlegenden Wandel durchlaufen. Deregulierung, Globalisierung sowie Substitutionskonkurrenz führten zu einem verschärften Wettbewerb um Marktanteile bei sinkenden Gewinnmargen. Aufgrund dieser neuen Wettbewerbsdynamik und den...

Persistent link: https://www.econbiz.de/10010262915

Uncertain bequest needs and long-term Insurance contracts

Fei, Wenan; Fluet, Claude; Schlesinger, Harris - 2008

We examine how long-term life insurance contracts can be designed to incorporate uncertain future bequest needs. An individual who buys a life insurance contract early in life is often uncertain about the future financial needs of his or her family, in the event of an untimely death. Ideally,...

Persistent link: https://www.econbiz.de/10010264521

Stochastic mortality, macroeconomic risks, and life insurer solvency

Hanewald, Katja; Post, Thomas; Gründl, Helmut - 2009

Motivated by a recent demographic study establishing a link between macroeconomic fluctuations and the mortality index kt in the Lee-Carter model, we assess the impact of macroeconomic fluctuations on the solvency of a life insurance company. Liabilities in our stochastic simulation framework...

Persistent link: https://www.econbiz.de/10010265671

What explains global exchange rate movements during the financial crisis?

Fratzscher, Marcel - 2009

A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...

Persistent link: https://www.econbiz.de/10011605106

Costs and quality of life in multiple sclerosis: A cross-sectional study in the USA

Kobelt, Gisela; Berg, Jenny; Atherley, Debbie; … - 2004

Persistent link: https://www.econbiz.de/10010281343

Interbank lending, credit risk premia and collateral

Heider, Florian; Hoerova, Marie - 2009

We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-2009 financial crises. Interest rates decouple across secured and unsecured markets following an...

Persistent link: https://www.econbiz.de/10011605153

Strong hysteresis due to age effects

Chen, Yu-Fu - 2009

Persistent link: https://www.econbiz.de/10014306485

Unter welchen Bedingungen fördert die Riester-Förderung? Eine theoretische Analyse unter simultaner Einbeziehung von Kosten- und Steuereffekten

Stahl, Silvana; Stahl, Stefan; Kasch, Philipp - 2012

Vorteilhaftigkeit bezogen sich in der Regel auf Teilaspekte: entweder nur die Kosten- oder nur die Steuereffekte wurden untersucht … geben, wobei Kosten- und Steuereffekte gleichermaßen berücksichtigt werden. Dabei steht nicht die Frage im Vordergrund …

Persistent link: https://www.econbiz.de/10010319287

Monopolistic Competition and Costs in the Health Care Sector

Kumpmann, Ingmar - 2009

Competition among health insurers is widely considered to be a means of enhancing efficiency and containing costs in … is able to counterbalance the strong position of physicians and to achieve lower costs. … MonopolKrankenversicherung kann die starke Verhandlungsposition der Ärzte ausgleichen und niedrigere Kosten durchsetzen. …

Persistent link: https://www.econbiz.de/10010271400