Systemic Risk And Insurance PDF Download
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Author | : Felix Hufeld |
Publisher | : Oxford University Press |
Total Pages | : 247 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0198788819 |
Download The Economics, Regulation, and Systemic Risk of Insurance Markets Book in PDF, ePub and Kindle
The book brings together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create.
Author | : Weidong Tian |
Publisher | : MDPI |
Total Pages | : 146 |
Release | : 2020-07-01 |
Genre | : Social Science |
ISBN | : 3039362984 |
Download Systemic Risk and Reinsurance Book in PDF, ePub and Kindle
This Special Issue covers the topic of timely vital risk management - systemic risk - from many important perspectives. It includes novel and scientific approaches from the network with topological indicators on systemic risk, community analysis of the global financial system, welfare analysis of capital insurance and the impact of capital requirement, risk measures, and optimal portfolio and optimal reinsurance under risk constraint. Most articles study the financial sector and insurance companies after the financial crisis of 2008–2009 circa ten years prior. The COVID-19 global pandemic in 2020 has caused similar or even greater challenges for the entire economy. Therefore, this Special Issue will be useful for anyone interested in systemic risk management.
Author | : Andromachi Georgosouli |
Publisher | : Taylor & Francis |
Total Pages | : 237 |
Release | : 2017-09-19 |
Genre | : Law |
ISBN | : 1317799968 |
Download Systemic Risk and the Future of Insurance Regulation Book in PDF, ePub and Kindle
This book examines policy developments that have been occurring in the field of financial regulation and their implications for the insurance industry and markets. With UK and US contributors from academia and legal practice, this book will be essential reading for policy-makers, insurance regulators, insurance and legal professionals as well as students and academics researching and studying insurance law.
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises |
Publisher | : |
Total Pages | : 184 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : |
Download Systemic Risk and Insurance Book in PDF, ePub and Kindle
Author | : Nigel Davies |
Publisher | : International Monetary Fund |
Total Pages | : 45 |
Release | : 2003-07-01 |
Genre | : Business & Economics |
ISBN | : 1451856008 |
Download Insurance and Issues in Financial Soundness Book in PDF, ePub and Kindle
This paper explores insurance as a source of financial system vulnerability. It provides a brief overview of the insurance industry and reviews the risks it faces, as well as several recent failures of insurance companies that had systemic implications. Assimilation of banking-type activities by life insurers appears to be the key systemic vulnerability. Building on this experience and the experience gained under the FSAP, the paper proposes key indicators that should be compiled and used for surveillance of financial soundness of insurance companies and the insurance sector as a whole.
Author | : Daniel Schwarcz |
Publisher | : |
Total Pages | : 72 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Regulating Systemic Risk in Insurance Book in PDF, ePub and Kindle
As exemplified by the dramatic failure of AIG, insurance companies and their affiliates played a central role in the 2008 global financial crisis. It is therefore not surprising that the Dodd-Frank Act -- the United States' primary legislative response to the crisis -- contained an entire title dedicated to insurance regulation, which has traditionally been the responsibility of individual states. The most important insurance-focused reforms in Dodd-Frank empower the Federal Reserve Bank to impose an additional layer of regulatory scrutiny on top of state insurance regulation for a small number of “systemically important” nonbank financial companies, such as AIG. This Article argues, however, that in focusing on the risk that an individual insurance-focused, nonbank financial company could become systemically significant, Dodd-Frank largely overlooked a second, and equally important, potential source of systemic risk in insurance: the prospect that correlations among individual insurance companies could contribute to or cause widespread financial instability. In fact, this Article argues that there are often substantial correlations among individual insurance companies with respect to both their interconnections with the larger financial system and their vulnerabilities to failure. As a result, the insurance industry as a whole can pose systemic risks that regulation should attempt to identify and manage. Traditional state-based insurance regulation, this Article contends, is poorly adapted to accomplishing this given the mismatch between state boundaries and systemic risks, as well as states' limited oversight of noninsurance financial markets. As such, this Article suggests enhancing the power of the Federal Insurance Office -- a federal entity primarily charged with monitoring the insurance industry -- into supplement or preempt state law when states have failed to satisfactorily address gaps or deficiencies in insurance regulation that could contribute to systemic risk.
Author | : International Association for the Study of Insurance Economics |
Publisher | : |
Total Pages | : 62 |
Release | : 2012 |
Genre | : Banks and banking |
ISBN | : 9782970033967 |
Download Insurance and Resolution in Light of the Systemic Risk Debate Book in PDF, ePub and Kindle
This new report from the Geneva Association looks at the relationship between insurance wind-downs and systemic risk, concluding that frameworks for dealing with such risks in banking "would be a poor guide" to necessary changes in insurance. The report argues that all necessary recovery and resolution plans already exist for insurers, and that new initiatives should develop these existing frameworks, rather than impose a framework designed with banks in mind. The Financial Stability Board has said that a final methodology for assessing the systemic importance of insurers will be detailed in June.
Author | : T. R. Hurd |
Publisher | : Springer |
Total Pages | : 0 |
Release | : 2016-05-13 |
Genre | : Mathematics |
ISBN | : 9783319339290 |
Download Contagion! Systemic Risk in Financial Networks Book in PDF, ePub and Kindle
This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.
Author | : Markus Brunnermeier |
Publisher | : University of Chicago Press |
Total Pages | : 0 |
Release | : 2014-08-14 |
Genre | : Business & Economics |
ISBN | : 9780226077734 |
Download Risk Topography Book in PDF, ePub and Kindle
The recent financial crisis and the difficulty of using mainstream macroeconomic models to accurately monitor and assess systemic risk have stimulated new analyses of how we measure economic activity and the development of more sophisticated models in which the financial sector plays a greater role. Markus Brunnermeier and Arvind Krishnamurthy have assembled contributions from leading academic researchers, central bankers, and other financial-market experts to explore the possibilities for advancing macroeconomic modeling in order to achieve more accurate economic measurement. Essays in this volume focus on the development of models capable of highlighting the vulnerabilities that leave the economy susceptible to adverse feedback loops and liquidity spirals. While these types of vulnerabilities have often been identified, they have not been consistently measured. In a financial world of increasing complexity and uncertainty, this volume is an invaluable resource for policymakers working to improve current measurement systems and for academics concerned with conceptualizing effective measurement.
Author | : New York University Stern School of Business |
Publisher | : John Wiley & Sons |
Total Pages | : 592 |
Release | : 2010-10-28 |
Genre | : Business & Economics |
ISBN | : 0470949864 |
Download Regulating Wall Street Book in PDF, ePub and Kindle
Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.