The Economics, Regulation, and Systemic Risk of Insurance Markets
Language: English
Published by Oxford Univ Pr, 2018
- Softcover
- New
Seller: Revaluation Books, Exeter, United KingdomRevaluation Books
AbeBooks seller since January 6, 2003
Condition: New
£ 65.49
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Add to basketItem description from seller
reprint edition. 256 pages. 9.00x6.25x0.50 inches. In Stock.
Seller Inventory # zk0198820429
- Title
- The Economics, Regulation, and Systemic Risk of Insurance Markets
- Author
- Hufeld, Felix (Editor)/ Koijen, Ralph S. J. (Editor)/ Thimann, Christian (Editor)
- Publisher
- Oxford Univ Pr
- Publication year
- 2018
- Condition
- Brand New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0198820429
- ISBN 13
- 9780198820420
- Item weight
- 0.39 kilograms
The first part discusses the macroeconomic 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 for understanding the potential differences in risk nature and optimal regulation. The second part of the book focuses on the risks managed by the insurance sector and the potential for systemic risk. The 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.
"Synopsis" may belong to another edition of this title.
About the Author
Ralph S. J. Koijen is Professor of Finance at New York University Stern School of Business, on leave from 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 a Head of Strategy, Sustainability and Public Affairs of the AXA Group and affiliated Professor of Economics at the Paris School of Economics. 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 Bachelor's degree from Rheinische Friedrich-Wilhelms-Universität Bonn, a Master's degree from the London School of Economics and Political Science, and a PhD from Ludwig-Maximilians Universität München.
"About the title" may belong to another edition of this title.
Revaluation Books
Exeter, United Kingdom
AbeBooks seller since January 6, 2003
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