The Effect of Banking Crises on Non-Life Insurance Consumption

51 Pages Posted: 22 Oct 2014 Last revised: 18 May 2018

See all articles by Shinichi Kamiya

Shinichi Kamiya

Nanyang Business School, Nanyang Technological University

Jackie Ka Ki Li

Nanyang Business School, Nanyang Technological University

George H. Zanjani

University of Alabama - Department of Economics, Finance and Legal Studies

Date Written: October 21, 2014

Abstract

We study the association between banking crises and non-life insurance consumption using cross-country panel of data from 139 countries from 1988 to 2010. We find a persistent and excess decline in non-life insurance consumption after a banking crisis in the higher income countries. We explore several possible explanations for the decrease with additional controls, but none fully explain the observed association.

Keywords: Banking Crises, Credit, Investment, Non-life Insurance

JEL Classification: G01, G22, E22

Suggested Citation

Kamiya, Shinichi and Li, Jackie Ka Ki and Zanjani, George H., The Effect of Banking Crises on Non-Life Insurance Consumption (October 21, 2014). Available at SSRN: https://ssrn.com/abstract=2512808 or http://dx.doi.org/10.2139/ssrn.2512808

Shinichi Kamiya (Contact Author)

Nanyang Business School, Nanyang Technological University ( email )

Singapore, 639798
Singapore

Jackie Ka Ki Li

Nanyang Business School, Nanyang Technological University ( email )

Singapore, 639798
Singapore

George H. Zanjani

University of Alabama - Department of Economics, Finance and Legal Studies ( email )

361 Stadium Dr, Ste 200
Tuscaloosa, AL 35487
United States

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