Gambling for market recovery? European insurers' corporate bond investments during market stress
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| 001 | MAP20260003474 | ||
| 003 | MAP | ||
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| 008 | 260210e20251117usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a212 | ||
| 100 | $0MAPA20260002637$aBeyer, Marcel | ||
| 245 | 1 | 0 | $aGambling for market recovery? European insurers' corporate bond investments during market stress$cMarcel Beyer |
| 520 | $aThe study examines how European insurers adjusted the credit risk of their corporate bond portfolios during the COVID-19 market crash. Using daily market data, it shows that insurers initially shifted toward safer assets, such as AAA government bonds and A-rated corporates. As the crisis progressed, however, they began to invest counter-cyclically in high-yield bonds even before markets recovered a pattern not observed among U.S. insurers. The findings suggest that this behavior may support systemic stability by providing market liquidity, although it also increases solvency risk if the downturn persists | ||
| 650 | 4 | $0MAPA20080611248$aInversiones financieras | |
| 650 | 4 | $0MAPA20080538279$aBonos | |
| 650 | 4 | $0MAPA20080591182$aGerencia de riesgos | |
| 650 | 4 | $0MAPA20080582418$aRiesgo financiero | |
| 650 | 4 | $0MAPA20080564254$aSolvencia II | |
| 650 | 4 | $0MAPA20110021238$aEstabilidad financiera | |
| 650 | 4 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 4 | $0MAPA20080582401$aRiesgo crediticio | |
| 710 | 2 | $0MAPA20080465346$aAmerican Risk and Insurance Association | |
| 773 | 0 | $wMAP20077000727$g17/11/2025 Volumen 92 Número 4 - noviembre 2025 , p. 857 - 908$x0022-4367$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964- |