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The Relationship between insurance and banking sector: does financial structure matter?

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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005  20191004144235.0
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
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1001 ‎$0‎MAPA20190013581‎$a‎Liu, Guan-Chun
24514‎$a‎The Relationship between insurance and banking sector: does financial structure matter?‎$c‎Guan-Chun Liu, Chien-Chiang Lee
520  ‎$a‎This paper employs panel data of 36 countries over the period from 1980 to 2015 to investigate whether financial structure matters for the linkage between the insurance and banking sectors. Panel co-integration tests find that the significant relationship varies across different financial structures. Specifically, a developed financial system and market-based structure reinforce their long-run linkage. Panel Granger causality tests show that the market-based structure strengthens the insurancebank nexus for the financially underdeveloped group of countries and that a financially developed system is conducive to realising a short-run dynamic linkage for a bank-based economy. More importantly, the linkages between insurance and banking sectors can be complementary or substitutive, depending on the relative importance of risk transfer and capital allocation in the insurance market. These findings offer useful insights into achieving the two sectors' co-evolution and further provide some evidence from the market-based and financial services viewpoints.
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080561482‎$a‎Bancaseguros
650 4‎$0‎MAPA20080597641‎$a‎Mercados financieros
650 4‎$0‎MAPA20080603908‎$a‎Servicios financieros
650 4‎$0‎MAPA20080597894‎$a‎Países desarrollados
650 4‎$0‎MAPA20080597900‎$a‎Países en desarrollo
700  ‎$0‎MAPA20100033012‎$a‎Lee, Chien-Chiang
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/10/2019 Volumen 44 Número 4 - octubre 2019 , P. 599-594