Výsledky vyhledávání - "Ralph S J Koijen"

Understanding the Ownership Structure of Corporate Bonds

Autor: Ralph S. J. Koijen, Motohiro Yogo

Publikováno v: American Economic Review: Insights. 5:73-91

Insurers are the largest institutional investors of corporate bonds. However, a standard theory of insurance markets, in which insurers maximize firm value subject to regulatory or risk constraints, predicts no allocation to corporate bonds. We resol

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::08c7560d40fb11b02efaa857bfbc9ceb
https://doi.org/10.1257/aeri.20210550

Zobrazit plný text záznamu

New Perspectives on Insurance

Autor: Ralph S J Koijen, Motohiro Yogo

Publikováno v: The Review of Financial Studies. 35:5275-5286

This special issue originates from a dual submission conference with the NBER Insurance Working Group and the Corporate Finance Program in 2020. It brings a broader perspective on important frictions in insurance markets, including trust between insu

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::723a07d75f2fe3fe3538288a6ed3486c
https://doi.org/10.1093/rfs/hhac063

Zobrazit plný text záznamu

Plný text ve formátu HTML

Global Life Insurers during a Low Interest Rate Environment

Autor: Ralph S. J. Koijen, Motohiro Yogo

Publikováno v: AEA Papers and Proceedings. 112:503-508

Life insurers' business model has changed with the growth of insurance products with minimum return guarantees that are exposed to market and interest risks. The interest risk exposure of US and European insurers increased in the low-rate environment

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::822e68d94647587c3f4c26c561e7dce9
https://doi.org/10.1257/pandp.20221076

Zobrazit plný text záznamu

The evolution from life insurance to financial engineering

Autor: Ralph S. J. Koijen, Motohiro Yogo

Publikováno v: The Geneva Risk and Insurance Review

Since the mid-1980s, the share of household net worth intermediated by US financial institutions has shifted from defined benefit plans to life insurers and defined contribution plans. Life insurers have primarily grown through variable annuities, wh

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7d57e30eaf9adb44b87481c6cd460983
http://europepmc.org/articles/PMC8377459

Zobrazit plný text záznamu

Implied Dividend Volatility and Expected Growth

Autor: Ralph S. J. Koijen, Ian Martin, Niels Joachim Gormsen

Publikováno v: AEA Papers and Proceedings. 111:361-365

A large literature is concerned with measuring economic uncertainty and quantifying its impact on real decisions, such as investment, hiring, and R&D, and ultimately economic growth. The COVID-19 pandemic underscores the importance of timely measures

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::b90c34e43fd74cd6dedc35d4d6c390a6
https://doi.org/10.1257/pandp.20211065

Zobrazit plný text záznamu

Inspecting the mechanism of quantitative easing in the euro area

Autor: Francois Koulischer, Motohiro Yogo, Ralph S. J. Koijen, Benoît Nguyen

Publikováno v: Journal of Financial Economics. 140:1-20

Using security-level holdings for all euro-area investors, we study portfolio rebalancing during the quantitative easing program from March 2015 to December 2017. Foreign investors outside the euro area accommodated most of the Eurosystem’s purchas

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::0b03ca445c5e455608e7266b1b128ca7
https://doi.org/10.1016/j.jfineco.2020.11.006

Zobrazit plný text záznamu

Vyhledávací nástroje:

Upřesnit hledání