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Why (Re)insurance is not systemic

Recurso electrónico / electronic resource
MARC record
Tag12Value
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001  MAP20140031832
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005  20140918165629.0
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎5
1001 ‎$0‎MAPA20080104276‎$a‎Kessler, Denis
24510‎$a‎Why (Re)insurance is not systemic‎$c‎Denis Kessler
520  ‎$a‎The traditional model of (re)insurance lacks the elements that make a financial institution systemically important: risks are effectively pulverized; liabilities tend to be prefunded, which eliminates most of the leverage in the traditional sense; and active asset-liability management reduces most of the liquidity mismatch that traditionally propagates systemic risk. (Re)insurers that have stuck to this traditional business model have successfully weathered the crisis, even playing a stabilizing role. Unfortunately, this is not sufficiently recognized in the current IAIS-FSB debate on assessing systemic risk in the (re)insurance sector.
650 4‎$0‎MAPA20080602529‎$a‎Mercado de reaseguros
650 4‎$0‎MAPA20080591182‎$a‎Gerencia de riesgos
650 4‎$0‎MAPA20100016923‎$a‎Riesgo sistémico
650 4‎$0‎MAPA20080610777‎$a‎Evolución del reaseguro
650 4‎$0‎MAPA20080611880‎$a‎Perspectivas del seguro
650 4‎$0‎MAPA20110024864‎$a‎Modelos de negocio
650 4‎$0‎MAPA20110021238‎$a‎Estabilidad financiera
650 4‎$0‎MAPA20080627966‎$a‎Control de entidades financieras
650 4‎$0‎MAPA20080579814‎$a‎Crisis financiera
7730 ‎$w‎MAP20077000727‎$t‎The Journal of risk and insurance‎$d‎Nueva York : The American Risk and Insurance Association, 1964-‎$x‎0022-4367‎$g‎01/09/2014 Volumen 81 Número 3 - septiembre 2014 , p. 477-488