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Business and Economics > Insurance

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Interest rates x
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Cover IMF Staff Country Reports
United States: Staff Report for the 2015 Article IV Consultation
International Monetary Fund. Western Hemisphere Dept.
This 2015 Article IV Consultation highlights that the U.S. economy’s momentum in the first quarter of 2015 was sapped by unfavorable weather, a sharp contraction in oil sector investment, and the West Coast port strike. But the underpinnings for a continued expansion remain in place. A solid labor market, accommodative financial conditions, and cheaper oil should support a more dynamic path for the remainder of the year. Despite this, the weaker outturn in the first few months of 2015 will unavoidably pull down 2015 growth. Despite important policy uncertainties, the near-term fiscal outlook has improved, and the federal government deficit is likely to move modestly lower in the current fiscal year.
Keywords:
ISCR; CR; article IV discussion; rate; housing data; core PCE inflation; liability positions vis-à-vis nonresident; staff appraisal; personal income growth; Inflation; Central bank policy rate; Output gap; Financial sector risk; Global
Cover IMF Staff Country Reports
Trinidad and Tobago: Selected Issues
International Monetary Fund
In this study, the economic developments and policy responses of Trinidad and Tobago after the crisis is reviewed. Policy recommendations are used to strengthen the legal and regulatory framework. According to the IMF’s financial system stability assessment (FSSA), there were critical gaps in the overall legal, regulatory, and supervisory structure for the insurance sector. The quality of insurance sector supervision can be assessed against internationally accepted established “core principles.” In this paper, an overview is presented of why the crisis occurred and some suggestions on how to prevent a future crisis.
Keywords:
ISCR; CR; rate; repo; excess reserves; interest rate; CLICO Trinidad; lending rate; T-bill rate; CLICO Bahamas; CLICO Barbados; CL Financial Limited; Repo rates; Insurance; Deposit rates; Insurance companies; Excess liquidity; Caribbean
Cover IMF Staff Country Reports
France: Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial Markets—Obstacles to Monetary Transmission
International Monetary Fund
These Technical Notes on France explain integration of global financial markets. The stress tests for the France Financial Sector Assessment Program (FSAP) were designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models point to a smaller reaction to monetary policy in France than in other large euro-area economies.
Keywords:
ISCR; CR; rate; French; bank; yield; policy rate; market volatility; credit rate; bank lending; market commentator; bank subsidiary; Central bank policy rate; Stress testing; Insurance companies; Stock markets; Insurance; Global; Europe
Cover IMF Working Papers
Can the Private Annuity Market Provide Secure Retirement Income?
Miss Allison C Schrager
and
Mr. George A Mackenzie
Annuity premiums are often assumed to be constant, although they can be expected to vary with the yield curve. Variations in premiums will become an important public policy issue as defined-contribution (DC) pension plans play an increasingly prominent role in providing retirement income. As DC plan holders retire, many will annuitize at least a part of their account balances. In the absence of current data on annuity prices, the paper relies on U.S. Treasury interest rate data to simulate the impact of interest rate variation on annuity premiums. For a spectrum of feasible interest rates, the variation in retirement income is not negligible.
Keywords:
WP; annuity; annuity premium; annuity market; Public pension systems; individual accounts; annuities; annuity literature; staggered annuity purchase; market result; annuity diversification; annuity provider; annuity payment; Insurance; Insurance companies; Pensions; Yield curve; Personal income; Europe
Cover IMF Working Papers
Financial Opening, Deposit Insurance, and Risk in a Model of Banking Competition
Mr. Tito Cordella
and
Mr. Eduardo Levy Yeyati
This paper studies the impact of competition on the determination of interest rates and banks’ risk-taking behavior under different assumptions about deposit insurance and the dissemination of financial information. It finds that lower entry costs foster competition in deposit rate sand reduce banks’ incentives to limit risk exposure. Although higher insurance coverage amplifies this effect, two alternative arrangements (risk-based contributions to the insurance fund and public disclosure of financial information) help to reduce it. Moreover, uninsured but fully informed depositors and risk-based full deposit insurance yield the same equilibrium risk level, which is independent of entry costs. The welfare implications of the different arrangements are also explored.
Keywords:
WP; Banks; Bank Competition; Deposit Insurance; Financial Opening; Information Disclosure; Monopolistic Competition; Risk; deposit rate; insurance agency; risk position; bank margin; asset quality; Deposit rates; Competition; Insurance; Bank deposits; Southeast Asia