This paper investigates the factors behind long-term convergence in the insurance sector by questioning the role of harmonization and regulation across the EMU. By investigating convergence through balance-sheet items, the study sheds light on the role played by the management preferences of insurances across the EMU. Overall, the convergence tests employed within this study provide evidence of limited convergence within the insurance sector across the EMU countries.
Testing for Convergence in the European Insurance Sector: A Non-Linear Factor Approach / N. Apergis; A. Gabrielsen; J. Payne; P. Zagaglia. - In: ASIAN JOURNAL OF FINANCE & ACCOUNTING. - ISSN 1946-052X. - ELETTRONICO. - 4:2(2012), pp. 1-17. [10.5296/ajfa.v4i2.1764]
Testing for Convergence in the European Insurance Sector: A Non-Linear Factor Approach
ZAGAGLIA, PAOLO
2012
Abstract
This paper investigates the factors behind long-term convergence in the insurance sector by questioning the role of harmonization and regulation across the EMU. By investigating convergence through balance-sheet items, the study sheds light on the role played by the management preferences of insurances across the EMU. Overall, the convergence tests employed within this study provide evidence of limited convergence within the insurance sector across the EMU countries.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
