Paying for Minimum Interest Rate Guarantees: Who Should Compensate Who?
نویسندگان
چکیده
منابع مشابه
Paying for minimum interest rate guarantees : Who should compensate who ? af
De ned contribution pension schemes and life insurance contracts often have a minimum interest rate guarantee as an integrated part of the contract. This guarantee is an embedded put option issued by the institution to the individual, who is forced to hold the option in the portfolio. However, taking the inability to short this saving and other institutional restrictions into account the indivi...
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ژورنال
عنوان ژورنال: European Financial Management
سال: 2001
ISSN: 1354-7798,1468-036X
DOI: 10.1111/1468-036x.00152