Author: Douglas RobertsonPublisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 84
Book Description
Are Banks Converging to One Size?
Author: Douglas RobertsonPublisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 84
Book Description
Moral Hazard in Health Insurance
Author: Amy FinkelsteinPublisher: Columbia University Press
ISBN: 0231538685
Category : Medical
Languages : en
Pages : 161
Book Description
Addressing the challenge of covering heath care expenses—while minimizing economic risks. Moral hazard—the tendency to change behavior when the cost of that behavior will be borne by others—is a particularly tricky question when considering health care. Kenneth J. Arrow’s seminal 1963 paper on this topic (included in this volume) was one of the first to explore the implication of moral hazard for health care, and Amy Finkelstein—recognized as one of the world’s foremost experts on the topic—here examines this issue in the context of contemporary American health care policy. Drawing on research from both the original RAND Health Insurance Experiment and her own research, including a 2008 Health Insurance Experiment in Oregon, Finkelstein presents compelling evidence that health insurance does indeed affect medical spending and encourages policy solutions that acknowledge and account for this. The volume also features commentaries and insights from other renowned economists, including an introduction by Joseph P. Newhouse that provides context for the discussion, a commentary from Jonathan Gruber that considers provider-side moral hazard, and reflections from Joseph E. Stiglitz and Kenneth J. Arrow. “Reads like a fireside chat among a group of distinguished, articulate health economists.” —Choice
The Fed in Print
Author: Business and Financial Conditions in the Third Federal Reserve District
Author: Publisher:
ISBN:
Category : Middle Atlantic States
Languages : en
Pages : 370
Book Description
Accounting for the Demand for Financial Capital and Risk-taking in Bank Cost Functions
Author: Joseph P. HughesPublisher:
ISBN:
Category : Bank capital
Languages : en
Pages : 54
Book Description
The Business Review
Author: Federal Reserve Bank of PhiladelphiaPublisher:
ISBN:
Category : Prices
Languages : en
Pages : 364
Book Description
The Effects of Permanent and Transitory Output Shocks on Poverty
Author: Robert DeFinaPublisher:
ISBN:
Category : Poverty
Languages : en
Pages : 52
Book Description
Contents of Recent Economics Journals
Author: History of the Eighties
Author: Publisher:
ISBN:
Category : Biography & Autobiography
Languages : en
Pages : 594
Book Description
Quantifying Systemic Risk
Author: Joseph G. HaubrichPublisher: University of Chicago Press
ISBN: 0226319288
Category : Business & Economics
Languages : en
Pages : 286
Book Description
In the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is even possible. A key issue is determining the appropriate trade-offs between risk and reward from a policy and social welfare perspective given the potential negative impact of crises. One of the first books to address the challenges of measuring statistical risk from a system-wide persepective, Quantifying Systemic Risk looks at the means of measuring systemic risk and explores alternative approaches. Among the topics discussed are the challenges of tying regulations to specific quantitative measures, the effects of learning and adaptation on the evolution of the market, and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.