期刊論文
| 學年 | 110 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2022-02-10 |
| 作品名稱 | Shadow banking and life insurance policyholder protection |
| 作品名稱（其他語言） | |
| 著者 | Chuen-Ping Chang; Shi Chen; Jyh-Jiuan Lin |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Argumenta Oeconomica 49(2), p.199-218 |
| 摘要 | This paper develops a life insurance liability valuation model that integrates the balance-sheet insurer loans with the shadow banking entrusted loans in a premature default risk environment. It is shown that the life insurance policyholder significantly benefits from the entrusted loan activities in a less likely premature default risk environment. The policyholder protection is increased in accord with a high guaranteed interest rate, particularly when the life insurance company has ample access to entrusted loans. The policyholder protection is also significantly increased by a high participation level when the life insurance company ‘shrinks away’ from accessing entrusted loans. Overall, the authors concluded that shadow banking entrusted loans help policyholder protection. |
| 關鍵字 | entrusted loan;guaranteed rate;participation rate;barrier option |
| 語言 | en |
| ISSN | 2720-5088; 1233-5835 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | POL |
| 公開徵稿 | |
| 出版型式 | ,電子版,紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122915 ) |