IDEAS home Printed from https://ideas.repec.org/a/prg/jnlcfu/v2009y2009i1id18p42-50.html
   My bibliography  Save this article

Financial Crisis Modify Role and Position of Insurance Branch
[Finanční krize modifikuje úlohu a postavení odvětví pojišťovnictví]

Author

Listed:
  • Jaroslav Daňhel
  • Eva Ducháčková
  • Jarmila Radová

Abstract

This article is dealt about present financial crisis as a result of previous credit expansion through public finance, consumer or mortgage credits above the frame tolerable of market principles. Debt problem vas mask with financial instrument innovations namely structured bonds in securing form. By the help of this instruments were walked around the state regulatory barriers and postpone assignment of disequilibrium. Authors show on the role of investment banking and rating agencies in this process. Special attention is paid to impact of financial crisis on insurance business, partly from the point of view obligations insurance, partly of from the point of view portfolio impacts. The article calls attention on asymmetry information problem and possible influence of crisis impact on stabilization regulatory projects (namely Solvency II for insurance branch) which have had made more efficient governmental supervisory body on financial markets.

Suggested Citation

  • Jaroslav Daňhel & Eva Ducháčková & Jarmila Radová, 2009. "Financial Crisis Modify Role and Position of Insurance Branch [Finanční krize modifikuje úlohu a postavení odvětví pojišťovnictví]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2009(1), pages 42-50.
    • Handle: RePEc:prg:jnlcfu:v:2009:y:2009:i:1:id:18:p:42-50
    DOI: 10.18267/j.cfuc.18
    as

    Download full text from publisher

    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.18.html
    Download Restriction: free of charge
    File URL: http://cfuc.vse.cz/doi/10.18267/j.cfuc.18.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.cfuc.18?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Financial crisis; Financial instrument innovations; Regulatory projects; Rating agency; Crisis impact to insurance branch; Possibility of state regulatory of insurance market; Finanční krize; Inovativní finanční instrumenty; Regulatorní projekty; Ratingová agentura; Vliv krize na pojišťovnictví; Možnosti státní regulace pojišťovnictví;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlcfu:v:2009:y:2009:i:1:id:18:p:42-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.