When Gambling for Resurrection is Too Risky ePub (Adobe DRM) download by Divya Kirti

When Gambling for Resurrection is Too Risky

INTERNATIONAL MONETARY FUND
Publication date: August 2017
ISBN: 9781484314395
Digital Book format: ePub (Adobe DRM)

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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.
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When Gambling for Resurrection is Too Risky ePub (Adobe DRM) download by Divya Kirti
INTERNATIONAL MONETARY FUND, August 2017
ISBN: 9781484314395
EAN:  9781484314395
ePub (Adobe DRM)
List Price: $9.00 eBook price: $6.99
When Gambling for Resurrection is Too Risky PDF (Adobe DRM) download by Divya Kirti
INTERNATIONAL MONETARY FUND, August 2017
ISBN: 9781484314449
EAN:  9781484314449
PDF (Adobe DRM)
List Price: $9.00 eBook price: $6.99
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