Monthly seminars "chaire ACPR"
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The ACPR Research Initiative seminar highlights high-quality research addressing issues of regulation and systemic risk for both banks and insurance firms.
The seminar takes place on the first Wednesday of the month from 10.00 to 11.30 in the premises of the ACPR: 4, place de Budapest, Salle Liège (rez-de-jardin) - See access plan.
The seminar is open to everybody. Registration by email at chaireACPR@acpr.banque-france.fr is free but compulsory in order to attend. If you wish to be informed of upcoming events, please send an email to the same address.
The ACPR Studies Department organizes independent seminars as well: the page dedicated to the ACPR research seminars is available here.
NEXT EVENTWednesday, 1st December 2021, 3.00 pm – 4.30 pmMotohiro Yogo (Princeton University - Department of Economics; National Bureau of Economic Research) will present “The Fragility of Market Risk Insurance” Abstract : Variable annuities, which package mutual funds with minimum return guarantees over long horizons, accounted for $1.5 trillion or 35% of U.S. life insurer liabilities in 2015. Sales decreased and fees increased during the global financial crisis, and insurers made guarantees less generous or stopped offering guarantees to reduce risk exposure. These effects persist in the low interest environment after the global financial crisis, and variable annuity insurers suffered especially low stock returns during the COVID-19 crisis. We develop and estimate a model of insurance markets in which financial frictions and market power determine pricing, contract characteristics, and the degree of market completeness.
Please note that this seminar will take place online. To receive the invitation to the web platform, (free) registration is compulsory by mail at chaireACPR@acpr.banque-france.fr |
PREVIOUS EVENTWednesday, 10th November 2021, 10.30 am – 12.00 pmXavier Vives (University of Navarra - IESE Business School, UPF, CEPR and CESifo) will present “Information Technology and Bank Competition”
Pay attention, this seminar will take place online. To receive the invitation to the web platform, (free) registration is compulsory by mail at chaireACPR@acpr.banque-france.fr |
