Fair value of liabilities : the financial economics perspective

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<dc:creator>Babbel, David F.</dc:creator>
<dc:creator>Gold, Jeremy</dc:creator>
<dc:creator>Merrill, Craig</dc:creator>
<dc:date>2002</dc:date>
<dc:description xml:lang="es">This paper presents the fundamental approaches of financial economics to valuation. Three methods are demonstrated by which financial  economist account for risk. It illustrates how these methods relate to one another and how they can be applied in the valuation of risky corporate bonds, guaranteed investment contracts (GICs) with and without interest rate contingencies, and whole life insurance. Next, it discuss how these models treat orthogonal risks, such as the kind often covered by insurance contracts. Demand side and supply side diversification are treated, and liquidity risk is then considered. It concludes with a summary of the benefits of decomposition and transparency</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/60581.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Empresas de seguros</dc:subject>
<dc:subject xml:lang="es">Fair value</dc:subject>
<dc:subject xml:lang="es">Modelo estocástico</dc:subject>
<dc:subject xml:lang="es">Valoración de empresas</dc:subject>
<dc:subject xml:lang="es">Contabilidad</dc:subject>
<dc:subject xml:lang="es">Valoración de riesgos</dc:subject>
<dc:subject xml:lang="es">Matemática del seguro</dc:subject>
<dc:subject xml:lang="es">Métodos actuariales</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Fair value of liabilities : the financial economics perspective</dc:title>
<dc:relation xml:lang="es">En: North American Actuarial Journal Society of Actuaries. - Schaumburg, Illinois. - 2002 ; p. 12-27</dc:relation>
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