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Essays In Financial Economics, Kamilla Kasymova
Essays In Financial Economics, Kamilla Kasymova
Theses and Dissertations
This dissertation consists of three essays concerning financial economics.
In the first essay, I focus on the role of the life insurance in the financial markets and the factors that drive the development of life insurance industry. The essay examines the causality of the banking sector development on the development of the life insurance market measured by the total premiums received by life insurers using panel estimation for about 90 countries over the period 1996-2010. I employ the dynamic System Generalized Method of Moments estimation technique to resolve the endogeneity problem between the development of the life insurance and the …