教師資料查詢 | 類別: 期刊論文 | 教師: 林志鴻 Jyh-horng Lin (瀏覽個人網頁)

標題:The linkage between life insurer spread behaviour and credit swap transaction: policyholder protection analysis
學年108
學期1
出版(發表)日期2020/01/28
作品名稱The linkage between life insurer spread behaviour and credit swap transaction: policyholder protection analysis
作品名稱(其他語言)
著者Jyh-Horng Lin; Pei-Chi Lii; Fu-Wei Huang; Shi Chen
單位
出版者
著錄名稱、卷期、頁數Applied Economics 52(33), p.3600-3613
摘要The paper develops a contingent claim model to evaluate the equity of a life insurer when the
insurer could act as a protection buyer or a protection seller in a credit swap transaction market.
The investment market and the life insurance market faced by the insurer are assumed to be
imperfectly competitive in order to capture the insurer’s asset-leading or liability-reducing spread
behaviour. This paper complements the insurance literature by analysing how the effects of credit
swap transactions on insurer spread behaviour and policyholder protection, and how they might
differ across various degrees of capital regulation, premature default risk, and profit-sharing
participation. Our findings offer some useful insights for achieving the stability of the insurance
system.
關鍵字Insurer spread behaviour;profit-sharing policy;credit swap transaction;policyholder protection
語言英文
ISSN1466-4283
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Fu-Wei Huang
審稿制度
國別英國
公開徵稿
出版型式,電子版
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