The Central Bank "put": with tighter financial conditions the goal, underwriting discipline is key
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Tag | 1 | 2 | Valor |
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LDR | 00000cam a22000004b 4500 | ||
001 | MAP20220024891 | ||
003 | MAP | ||
005 | 20220922163822.0 | ||
008 | 211005s2022 deu|||| ||| ||eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a214 | ||
245 | 1 | 4 | $aThe Central Bank "put": with tighter financial conditions the goal, underwriting discipline is key |
260 | $aAdliswil, Swiss$bSwiss Re Institute$c2022 | ||
300 | $a2 p | ||
490 | 0 | $aEconomic insights$vIssue 22/2022 | |
520 | $aNot all central banks puts are created equal. Relative to prior episodes of monetary tightening, today's inflation level and momentum inhibits a significant central bank pivot towards more accommodative policies. We believe the central bank "put" does still exist in case of severe financial market malfunctioning, but volatility and tighter financial conditions are currently the central bank objective and not a reason to cave in. For insurers, tighter financial conditions reinforce the need for underwriting discipline | ||
650 | 4 | $0MAPA20080597641$aMercados financieros | |
650 | 4 | $0MAPA20080551346$aInflación | |
650 | 4 | $0MAPA20080586294$aMercado de seguros | |
650 | 4 | $0MAPA20080608835$aSuscripción de riesgos | |
830 | 0 | $0MAPA20190002226$aEconomic Insights |