Format:
1 Online-Ressource (circa 60 Seiten)
,
Illustrationen
ISBN:
9781484312667
Series Statement:
IMF working paper WP/17, 180
Content:
Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers not hit as hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk within assets with identical regulatory treatment. State level US insurance regulation makes it unlikely this risk reduction was driven by moral suasion. Other financial institutions also reduce risk after large shocks: the same approach applied to banks yields similar results. My results suggest that, at least in some circumstances, franchise value can dominate, making gambling for resurrection too risky
Additional Edition:
Erscheint auch als Druck-Ausgabe Kirti, Divya When Gambling for Resurrection is Too Risky Washington, D.C. : International Monetary Fund, 2017 ISBN 9781484312667
Language:
English
Keywords:
Arbeitspapier
;
Graue Literatur
DOI:
10.5089/9781484312667.001
