When Insurers Go Bust : An Economic Analysis of the Role and Design of Prudential Regulation /
In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the...
Autores principales: | , |
---|---|
Otros Autores: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
Princeton, NJ :
Princeton University Press,
[2009]
|
Edición: | Course Book |
Temas: | |
Acceso en línea: | Texto completo Texto completo |
MARC
LEADER | 00000nam a22000005i 4500 | ||
---|---|---|---|
001 | DEGRUYTERUP_9781400827770 | ||
003 | DE-B1597 | ||
005 | 20210830012106.0 | ||
006 | m|||||o||d|||||||| | ||
007 | cr || |||||||| | ||
008 | 210830t20092007nju fo d z eng d | ||
020 | |a 9781400827770 | ||
024 | 7 | |a 10.1515/9781400827770 |2 doi | |
035 | |a (DE-B1597)446567 | ||
035 | |a (OCoLC)979576849 | ||
040 | |a DE-B1597 |b eng |c DE-B1597 |e rda | ||
041 | 0 | |a eng | |
044 | |a nju |c US-NJ | ||
072 | 7 | |a BUS069000 |2 bisacsh | |
100 | 1 | |a Plantin, Guillaume, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
245 | 1 | 0 | |a When Insurers Go Bust : |b An Economic Analysis of the Role and Design of Prudential Regulation / |c Guillaume Plantin, Jean-Charles Rochet. |
250 | |a Course Book | ||
264 | 1 | |a Princeton, NJ : |b Princeton University Press, |c [2009] | |
264 | 4 | |c ©2007 | |
300 | |a 1 online resource (112 p.) | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
347 | |a text file |b PDF |2 rda | ||
505 | 0 | 0 | |t Frontmatter -- |t Contents -- |t Foreword -- |t Acknowledgements -- |t 1. Introduction -- |t 2. Four Recent Cases of Financially Distressed Insurers -- |t 3. The State of the Art in Prudential Regulation -- |t 4. Inversion of the Production Cycle and Capital Structure of Insurance Companies -- |t 5. Absence of a Tough Claimholder in the Financial Structure of Insurance Companies and Incomplete Contracts -- |t 6. How to Organize the Regulation of Insurance Companies -- |t 7. The Role of Reinsurance -- |t 8. How Does Insurance Regulation Fit within Other Financial Regulations? -- |t 9. Conclusion: Prudential Regulation as a Substitute for Corporate Governance -- |t References |
506 | 0 | |a restricted access |u http://purl.org/coar/access_right/c_16ec |f online access with authorization |2 star | |
520 | |a In the 1990s, large insurance companies failed in virtually every major market, prompting a fierce and ongoing debate about how to better protect policyholders. Drawing lessons from the failures of four insurance companies, When Insurers Go Bust dramatically advances this debate by arguing that the current approach to insurance regulation should be replaced with mechanisms that replicate the governance of non-financial firms. Rather than immediately addressing the minutiae of supervision, Guillaume Plantin and Jean-Charles Rochet first identify a fundamental economic rationale for supervising the solvency of insurance companies: policyholders are the "bankers" of insurance companies. But because policyholders are too dispersed to effectively monitor insurers, it might be efficient to delegate monitoring to an institution--a prudential authority. Applying recent developments in corporate finance theory and the economic theory of organizations, the authors describe in practical terms how such authorities could be created and given the incentives to behave exactly like bankers behave toward borrowers, as "tough" claimholders. | ||
538 | |a Mode of access: Internet via World Wide Web. | ||
546 | |a In English. | ||
588 | 0 | |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) | |
650 | 7 | |a BUSINESS & ECONOMICS / Economics / General. |2 bisacsh | |
700 | 1 | |a Rochet, Jean-Charles, |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
700 | 1 | |a Shin, Hyun Song, |e contributor. |4 ctb |4 https://id.loc.gov/vocabulary/relators/ctb | |
700 | 1 | |a Shin, Hyun Song. | |
773 | 0 | 8 | |i Title is part of eBook package: |d De Gruyter |t Princeton University Press eBook-Package Backlist 2000-2013 |z 9783110442502 |
856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1515/9781400827770 |z Texto completo |
856 | 4 | 0 | |u https://degruyter.uam.elogim.com/isbn/9781400827770 |z Texto completo |
912 | |a 978-3-11-044250-2 Princeton University Press eBook-Package Backlist 2000-2013 |c 2000 |d 2013 | ||
912 | |a EBA_BACKALL | ||
912 | |a EBA_CL_LAEC | ||
912 | |a EBA_EBACKALL | ||
912 | |a EBA_EBKALL | ||
912 | |a EBA_ECL_LAEC | ||
912 | |a EBA_EEBKALL | ||
912 | |a EBA_ESSHALL | ||
912 | |a EBA_ESTMALL | ||
912 | |a EBA_PPALL | ||
912 | |a EBA_SSHALL | ||
912 | |a EBA_STMALL | ||
912 | |a GBV-deGruyter-alles | ||
912 | |a PDA11SSHE | ||
912 | |a PDA12STME | ||
912 | |a PDA13ENGE | ||
912 | |a PDA17SSHEE | ||
912 | |a PDA18STMEE | ||
912 | |a PDA5EBK |