When Gambling for Resurrection is Too Risky /
Rather than taking on more risk, US insurers hit hard by the crisis pulled back from risk taking, relative to insurers not hit as hard by the crisis. Capital requirements alone do not explain this risk reduction: insurers hit hard reduced risk within assets with identical regulatory treatment. State...
Main Author: | |
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Format: | Journal |
Language: | English |
Published: |
Washington, D.C. :
International Monetary Fund,
2017.
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Series: | IMF Working Papers; Working Paper ;
No. 2017/180 |
Online Access: | Full text available on IMF |