EconPapers    
Economics at your fingertips  
 

A post-mortem of the life insurance industry's bid for capital during the financial crisis

Michelle Barnes, James Bohn and Cynthia Martin

No 15-8, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: The 2008?2009 financial crisis was the most serious shock to the U.S. financial system since the Great Depression of the 1930s. A number of large financial institutions failed during the crisis. Many institutions that survived did so only because of extraordinary actions undertaken by company management to maintain solvency, or through the extension of extraordinary support by the federal government and the Federal Reserve System. The impact of the financial crisis on the banking sector has been the subject of extensive research, discussion, and debate. Academic and policy researchers, as well as several government investigations, have examined the measures undertaken by bank managers, banking industry regulators, and governments in response to the crisis (Financial Crisis Inquiry Commission 2011, Stanton 2012). By comparison, relatively few studies have examined the experience of the life insurance sector during the crisis or the response of company managers and insurance regulators during the crisis period. This paper begins to fill that gap.

JEL-codes: G22 G28 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2015-12-01
New Economics Papers: this item is included in nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.bostonfed.org/economic/current-policy-perspectives/2015/cpp1508.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbcq:2015_008

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Current Policy Perspectives from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-05-17
Handle: RePEc:fip:fedbcq:2015_008