Life Insurers’ Preference for Familiar Bond Issuers Limits COVID-19 Shock Transmission
Abstract: Despite regulations that encourage diversification and informational symmetry among buyers, insurance companies tend to lend to their current borrowers. This bondholder–issuer relationship moderates the effect of transitory economic shocks such as those associated with the onset of COVID-19.
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2021-10-05