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    Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/29557


    Title: FORBEARANCE AND PRICING DEPOSIT INSURANCE IN A MULTIPERIOD FRAMEWORK
    Authors: DUAN,JC;YU,MT
    Contributors: 財務金融所
    Keywords: VALUATION
    Date: 1994
    Issue Date: 2010-06-29 20:31:00 (UTC+8)
    Publisher: 中央大學
    Abstract: A multiperiod deposit insurance pricing model is developed in this article, which utilizes an asset value reset rule comparable to the typical practice of insolvency resolution by insuring agencies. The fairly-priced premium rate of our model can substantially differ from Merton's (1977). After incorporating capital forbearance and moral hazard into the model, our results show that the fairly-priced premium rate is not neutral to forbearance policy even in the absence of moral hazard. Our model formalizes the process of how excessive risk-taking under capital forbearance could lead to instability in the deposit insurance system.
    Relation: JOURNAL OF RISK AND INSURANCE
    Appears in Collections:[財務金融研究所] 期刊論文

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