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學年
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110 |
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學期
|
2 |
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出版（發表）日期
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2022-02-10 |
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作品名稱
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Shadow banking and life insurance policyholder protection |
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作品名稱（其他語言）
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著者
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Chuen-Ping Chang; Shi Chen; Jyh-Jiuan Lin |
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單位
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出版者
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著錄名稱、卷期、頁數
|
Argumenta Oeconomica 49(2), P.199-218. |
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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. |
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關鍵字
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entrusted loan;guaranteed rate;participation rate;barrier option |
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語言
|
en |
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ISSN
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2720-5088; 1233-5835 |
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期刊性質
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國外 |
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收錄於
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SSCI
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產學合作
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通訊作者
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審稿制度
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否 |
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國別
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POL |
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公開徵稿
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出版型式
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,電子版,紙本 |
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