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Insurance companies and the growth of corporate loans' securitization

Fringuellotti, Fulvia; Santos, João A. C. - 2021

that of loans and corporate bonds, and was characterized by a strong preference for mezzanine tranches rated investment … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … tranches derived from tranches' higher yields relative to bonds with the same rating, and increased following the 2010 capital …

Persistent link: https://www.econbiz.de/10012597742

Capital Market Development Over the Long Run: The Portfolios of UK Life Assurers Over Two Centuries

Bogle, David; Coyle, Christopher; Turner, John D. - 2020

What shapes and drives capital market development over the long run? In this paper, using the asset portfolios of UK life assurers, we examine the role of regulation, historical contingency and political reactions to events on the long-run development of the UK capital market. Government...

Persistent link: https://www.econbiz.de/10014284471

Covid-19 Full-Dose Vaccination across Uninsured Populations: Evidence across Counties in the United States

Goel, Rajeev K.; Nelson, Michael A. - 2022

This paper studies the propensities of the U.S. population to seek a full dose of vaccinations against the COVID-19 pandemic. Beyond the consideration of vaccine dissemination at the disaggregated or the local level, the main focus of this study is on determining whether a lack of health...

Persistent link: https://www.econbiz.de/10014290107

Capital market development over the long run: The portfolios of UK life assurers over two centuries

Bogle, David A.; Coyle, Christopher; Turner, John D. - 2020

Persistent link: https://www.econbiz.de/10012315242

The Dynamics of BRICS's Country Risk Ratings and Stock Markets, U.S. Stock Market and Oil Price

Hammoudeh, Shawkat M.; Sari, Ramazan; Liu, Tengdong; … - 2011

BRICS (Brazil, Russia, India, China and South Africa) are viewed currently as pillars of relative political, economic and financial stability, with the prospect of a major shift in future world power. The paper aims at investigating the relationships among the economic, financial and political...

Persistent link: https://www.econbiz.de/10014043055

Markets and Mandates : Retirement in Chile and the United States

Padi, Manisha - 2022

Ordinary Americans are accustomed to a strict separation between private markets and public-benefits programs. Government programs, such as Social Security for retirees, disburse benefits to households without regard to the private options available to them. Conversely, private-market...

Persistent link: https://www.econbiz.de/10014083339

When the Affordable Has No Value, and the Valuable is Unaffordable : The U.S. Market for Long-Term Care Insurance and the Role of Medicaid

Fels, Markus - 2016

The crowding-out by Medicaid has been identified as a possible reason for the low demand for private long-term care insurance. I extend the previous analysis to the case in which budget constraints inhibit access to care. This changes the nature, scope, and welfare implications of crowding-out....

Persistent link: https://www.econbiz.de/10014134492

Self-Fulfilling Runs : Evidence from the U.S. Life Insurance Industry

Foley-Fisher, Nathan - 2016

The interaction of worsening fundamentals and strategic complementarities among investors renders identification of self-fulfilling runs challenging. We propose a dynamic model to show how exogenous variation in firms' liability structures can be exploited to obtain variation in the strength of...

Persistent link: https://www.econbiz.de/10013004655

Lessons from the Efforts to Manage the Shift Away from Defined Benefit Plans to Defined Contribution Plans in Australia, the United Kingdom, and the United States

Brown, Elizabeth F. - 2016

This Article examines what lessons may be learned from examining how Australia, the United Kingdom, and the United States have tried to manage the shift away from defined benefit plans towards defined contribution plans. This shift has fundamentally changed the relationship between workers and...

Persistent link: https://www.econbiz.de/10013005963

Systemic Risk and Regulation of the U.S. Insurance Industry

Cummins, J David - 2016

This chapter analyzes the characteristics of U.S. insurers for purposes of determining whether they are systemically risky. More specifically, primary indicators and contributing factors associated with systemic risk are assessed for the insurance sector. A distinction is made between the core...

Persistent link: https://www.econbiz.de/10013006689