Life Insurers’ Preference for Familiar Bond Issuers Limits COVID-19 Shock Transmission

Alex Almeida, Monica Barbosa and Ali Ozdagli

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Despite regulations that encourage diversification and informational symmetry among buyers, insurance companies tend to lend to their current borrowers. This bondholder–issuer relationship moderates the effect of transitory economic shocks such as those associated with the onset of COVID-19.

Keywords: Banking; Finance; Monetary Policy (search for similar items in EconPapers)
Date: 2021-10-05
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:93145

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