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Why the life insurance industry did not face an \\"S&L-type\\" crisis

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  • Elijah Brewer
  • Thomas H. Mondschean
  • Philip E. Strahan

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  • Elijah Brewer & Thomas H. Mondschean & Philip E. Strahan, 1993. "Why the life insurance industry did not face an \\"S&L-type\\" crisis," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 17(Sep), pages 12-24.
    • Handle: RePEc:fip:fedhep:y:1993:i:sep:p:12-24:n:v.17no.5
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    References listed on IDEAS

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    1. Richard M. Todd & Neil Wallace, 1992. "SPDAs and GICs: like money in the bank?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 16(Sum), pages 2-17.
    2. Mark S. Carey & John Rea & Gregory F. Udell, 1992. "The private placement market: intermediation, life insurance companies, and a credit crunch," Proceedings 390, Federal Reserve Bank of Chicago.
    3. Flannery, Mark J & James, Christopher M, 1984. "The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions," Journal of Finance, American Finance Association, vol. 39(4), pages 1141-1153, September.
    4. repec:bla:jfinan:v:43:y:1988:i:4:p:823-39 is not listed on IDEAS
    5. Charles W. Calomiris, 1989. "Deposit insurance: lessons from the record," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 13(May), pages 10-30.
    6. Elijah Brewer & Thomas H. Mondschean, 1992. "The impact of S&L failures and regulatory changes on the CD market, 1987-1991," Working Paper Series, Issues in Financial Regulation 92-33, Federal Reserve Bank of Chicago.
    7. Patrick J. Corcoran, 1992. "The credit slowdown of 1989-1991: the role of supply and demand," Proceedings 368, Federal Reserve Bank of Chicago.
    8. Kenneth M. Wright, 1991. "The structure, conduct, and regulation of the life insurance industry," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 35, pages 73-116.
    9. Brickley, James A. & James, Christopher M., 1986. "Access to deposit insurance, insolvency rules and the stock returns of financial institutions," Journal of Financial Economics, Elsevier, vol. 16(3), pages 345-371, July.
    10. Furlong, Frederick T. & Keeley, Michael C., 1989. "Capital regulation and bank risk-taking: A note," Journal of Banking & Finance, Elsevier, vol. 13(6), pages 883-891, December.
    11. Timothy J. Curry & Mark J. Warshawsky, 1986. "Life insurance companies in a changing environment," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Jul, pages 449-460.
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    Citations

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    Cited by:

    1. Kubitza, Christian & Grochola, Nicolaus & Gründl, Helmut, 2021. "Life insurance convexity," ICIR Working Paper Series 42/21, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    2. Grochola, Nicolaus & Browne, Mark Joseph & Gründl, Helmut & Schlütter, Sebastian, 2021. "Exploring the market risk profiles of U.S. and European life insurers," ICIR Working Paper Series 39/21, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    3. Daniel Hartley & Anna L. Paulson & Richard J. Rosen, 2016. "Measuring Interest Rate Risk in the Life Insurance Sector: The U.S. and the U.K," Working Paper Series WP-2016-2, Federal Reserve Bank of Chicago.
    4. Kirti, Divya, 2024. "When gambling for resurrection is too risky," Journal of Banking & Finance, Elsevier, vol. 162(C).
    5. Cheng, Chunli & Hilpert, Christian & Miri Lavasani, Aidin & Schaefer, Mick, 2023. "Surrender contagion in life insurance," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1465-1479.
    6. Eduardo Rossi, 2010. "Univariate GARCH models: a survey (in Russian)," Quantile, Quantile, issue 8, pages 1-67, July.
    7. Elijah Brewer & William E. Jackson, 2002. "Inter-industry contagion and the competitive effects of financial distress announcements: evidence from commercial banks and life insurance companies," Working Paper Series WP-02-23, Federal Reserve Bank of Chicago.
    8. Celso Brunetti & Nathan Foley-Fisher & Stéphane Verani, 2023. "Measuring Interest Rate Risk Management by Financial Institutions," Finance and Economics Discussion Series 2023-067, Board of Governors of the Federal Reserve System (U.S.).

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