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

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<nonSort xml:space="preserve">The  </nonSort>
<title>Relationship between insurance and banking sector: does financial structure matter?</title>
</titleInfo>
<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190013581">
<namePart>Liu, Guan-Chun</namePart>
<nameIdentifier>MAPA20190013581</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<genre authority="marcgt">periodical</genre>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">esp</placeTerm>
</place>
<dateIssued encoding="marc">2019</dateIssued>
<issuance>serial</issuance>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
</physicalDescription>
<abstract displayLabel="Summary">This 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.</abstract>
<note type="statement of responsibility">Guan-Chun Liu, Chien-Chiang Lee </note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080561482">
<topic>Bancaseguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080597641">
<topic>Mercados financieros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080603908">
<topic>Servicios financieros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080597894">
<topic>Países desarrollados</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080597900">
<topic>Países en desarrollo</topic>
</subject>
<classification authority="">219</classification>
<relatedItem type="host">
<titleInfo>
<title>Geneva papers on risk and insurance : issues and practice</title>
</titleInfo>
<originInfo>
<publisher>Geneva : The Geneva Association, 1976-</publisher>
</originInfo>
<identifier type="issn">1018-5895</identifier>
<identifier type="local">MAP20077100215</identifier>
<part>
<text>01/10/2019 Volumen 44 Número 4 - octubre 2019 , P. 599-594</text>
</part>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">191002</recordCreationDate>
<recordChangeDate encoding="iso8601">20191004144235.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20190028516</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>