The Economics, Regulation, and Systemic Risk of Insurance Markets (Hardcover)
Idioma: inglés
Editorial: Oxford University Press, Oxford, 2016
- Tapa dura
- Nuevo
Librería: Grand Eagle Retail, Bensenville, IL, Estados Unidos de AmericaGrand Eagle Retail
Vendedor de AbeBooks desde el 12 de octubre de 2005
Condición: Nuevo
EUR 122,07
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Hardcover. Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. The core motivation for publishing this book is to bring 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 couldcreate.The first part discusses the macro-economic role of insurance and how insurance is different from banking and general finance. Understanding the differences between thebalance sheets of insurers and other financial intermediaries is essential to understand the potential differences in risk nature and differences in optimal regulation. The second part of the book focuses on the risks of the insurance sector and the potential for systemic risk. The various chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is oftencomplex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with asummary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…
N° de ref. del artículo 9780198788812
- Título
- The Economics, Regulation, and Systemic Risk of Insurance Markets (Hardcover)
- Autor
- Felix Hufeld
- Editorial
- Oxford University Press, Oxford
- Año de publicación
- 2016
- Estado
- new
- Encuadernación
- Hardcover
- Idioma
- inglés
- ISBN 10
- 0198788819
- ISBN 13
- 9780198788812
The first part discusses the macro-economic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential to understand the potential differences in risk nature and differences in optimal regulation. The second part of the book focuses on the risks of the insurance sector and the potential for systemic risk. The various chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.
“Sinopsis” puede pertenecer a otra edición de este título.
Acerca del autor
Ralph S. J. Koijen is a Professor of Finance at London Business School. His areas of expertise are health and insurance markets, investments, and financial econometrics. He is also a Research Fellow of the CEPR and Netspar. Before joining London Business School, he was visiting Assistant Professor of Finance at New York University's Stern School of Business, and an Assistant and Associate Professor of Finance at the University of Chicago's Booth School of Business. Professor Koijen's research has been published in leading journals, such as Econometrica, the American Economic Review, The Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics. He has received various awards for his work including the Richard A. Crowell Memorial Prize, the Roger F. Murray Prize, Swiss Finance Institute Outstanding Paper Award, the Glucksman Institute Research Prize, and the Amundi-Smith Breeden Distinguished Paper Prize.
Christian Thimann is AXA's Group Head of Regulation, Sustainability and Insurance Foresight, based in Paris. From 2014-16 he has been on the Board of Directors of AXA Investment Managers and Alliance Bernstein Investment Managers, New York. He is also an External Member of the French Council of Economic Advisors and an Affiliated Professor at the Paris School of Economics. Previously Dr Thimann held senior positions at the European Central Bank (ECB), including Director General and Advisor to the President from 2008 to 2013. He also served as an Economist at the International Monetary Fund in Washington, DC. Dr Thimann holds a Master's degree from the London School of Economics, and a PhD from Ludwig-Maximilians Universität München.
“Acerca de” puede pertenecer a otra edición de este título.
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