The linkage between life insurer spread behaviour and credit swap transaction: policyholder protection analysis | |
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學年 | 108 |
學期 | 2 |
出版(發表)日期 | 2020-07-14 |
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 | en |
ISSN | 1466-4283 |
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 | 否 |
國別 | GBR |
公開徵稿 | |
出版型式 | ,電子版 |
相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/118808 ) |
SDGS | 消除貧窮,良好健康和福祉,尊嚴就業與經濟發展,負責任的消費與生產 |