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The Growing importance of financial spillovers from emerging market economies. The insurance sector : trends and systemic risk implications
Recurso electrónico / Electronic resource
MAP20160011609
The Growing importance of financial spillovers from emerging market economies. The insurance sector : trends and systemic risk implications
se incluye resumen en español
Chapter 2 and 3. — Sumario: Trade and financial integration of emerging market economies into the global economy and financial system has increased significantly over the past two decades. As a result, spillovers of emerging market shocks to equity prices and exchange rates in advanced and emerging market economies have risen substantially and now explain over a third of the variation in asset returns in these countries -- The major insurance sector developments over the past decade and assesses changes in the systemic importance of insurers. Insurance firms play an important role as providers of protection against financial and economic risks and as financial intermediaries. The chapter shows that across advanced economies the contribution of life insurers to systemic risk has increased in recent years, although it clearly remains below that of banks. This increase is largely due to growing common exposures to aggregate risk, caused partly by a rise in insurers¿ interest rate sensitivity
En: Global financial stability report (GFSR) : potential policies for a successful normalization.- Whashington : International Monetary Fund, 2016
1. Mercados financieros ‌. 2. Mercado de seguros ‌. 3. Mercados emergentes ‌. 4. Integración económica ‌. 5. Globalización de la economía ‌. 6. Riesgo sistémico ‌. 7. Tipos de interés ‌. 8. Perspectivas económicas ‌. 9. Perspectivas del seguro ‌. I. Title.