Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement? | |
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學年 | 110 |
學期 | 2 |
出版(發表)日期 | 2022-07-01 |
作品名稱 | Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement? |
作品名稱(其他語言) | |
著者 | Xuelian Li; Panpan Lin; Jyh-Horng Lin |
單位 | |
出版者 | |
著錄名稱、卷期、頁數 | International Review of Economics & Finance 80, p.266-281 |
摘要 | Could we rely on credit swap hedging as a substitute for insurer blockchain technology involvement? This paper is to develop a two-stage contingent claim model to answer the question. We have three main results. First, blockchain helps the policyholder protection when blockchain involvement is relatively large-scale, helps the insurer’s survival probability when blockchain involvement is relatively small-scale, and also helps enable greater efficiency. Second, credit swap hedging adversely affects the policyholder protection, and leads to increase a higher likelihood of insurer survival. The life insurance company could regard credit swap hedging as a strategic substitute for blockchain involvement. Third, capital regulation makes the insurer more prone to blockchain involvement, thereby accelerating the transformation of the insurance system. |
關鍵字 | Credit swap hedging;Technology efficiency;Blockchain technology;Life insurance policy |
語言 | en |
ISSN | |
期刊性質 | 國外 |
收錄於 | SSCI |
產學合作 | |
通訊作者 | Jyh-Horng Lin |
審稿制度 | 是 |
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/987654321/122194 ) |
SDGS | 消除貧窮,消除飢餓,良好健康和福祉,減少不平等,夥伴關係 |