Institutional Quality, Knightian Uncertainty, and Insurability : A Cross-Country Analysis /
Knightian uncertainty (ambiguity) implies presence of uninsurable risks. Institutional quality may be a good indicator of Knightian uncertainty. This paper correlates non-life insurance penetration in 70 countries with income level, financial sector depth, country risk, a measure of cost of insuranc...
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| Format: | Žurnal |
| Jezik: | English |
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Washington, D.C. :
International Monetary Fund,
2006.
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| Serija: | IMF Working Papers; Working Paper ;
No. 2006/179 |
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| Online pristup: | Full text available on IMF |