Mägebier A (2015)
Publication Language: English
Publication Type: Journal article
Publication year: 2015
Publisher: Emerald
Book Volume: 16
Pages Range: 407-424
Journal Issue: 4
Purpose
The purpose of this paper is to show that healthier lifestyles, medical progress and the change of working conditions have been identified as potential sources for systematic disability risk.
Design/methodology/approach
Thus, the aim of this paper is to provide a first discussion regarding the advantages and detriments in comparison with mortality-linked bonds and swaps as well as regarding potential disability-linked indices and the potential use.
Findings
The discussion is followed by an introduction of a potential design and a corresponding valuation of disability bonds and swaps.
Originality/value
However, no disability-linked securities have been defined and discussed so far.
APA:
Mägebier, A. (2015). Securitization of Disability Risk via Bonds and Swaps. The Journal of Risk Finance, 16(4), 407-424.
MLA:
Mägebier, Alexander. "Securitization of Disability Risk via Bonds and Swaps." The Journal of Risk Finance 16.4 (2015): 407-424.
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