Background & Objctives: With regard to unclear government approach in the insurance sector, multiplicity of rules, high share of households, improper population coverage and lack of cost-effective interventions, this study aimed to analyze the current status of basic health insurance in Iran and its distance from the desirable  status according to upstream documents. In addition, we attempted t...

BACKGROUND Recent research has begun to recognize the important influence of literacy levels and how they affect health and wellbeing, especially in older adults. Our study focuses on health and financial literacy, two domains of literacy which previous research has suggested may be significantly related to health and wellbeing. Our study examines the relation of health and financial literacy w...

It is an essential demand to establish an effective financial risk early-warning system for financial security. But some factors have a lagging effect on financial risk. So this paper aims to construct a reasonable and practical indicator system for financial risk early-warning. First, determine the explained variables of the indicator made up by Chinese financial stress index. Second, confirm ...

BACKGROUND AND PURPOSE The inverse relation between socioeconomic status and cardiovascular disease is well established. However, few studies have investigated socioeconomic status assessed repeatedly during adulthood in relation to subclinical atherosclerosis. We aimed to test whether consistently low socioeconomic status, as indexed by education, income, and financial strain, for 12 years of ...

This paper presents an empirical test of Dupire's (1993) option price inversion approach using FT–SE 100 index options. The performance of option deltas determined using the Dupire approach is compared to the performance of a pair of Black-Scholes (1973) based deltas. The study finds that Black-Scholes based deltas out-perform the Dupire-deltas, which is consistent with the results in synthesiz...

Financial institutions play a key role as credit providers in the economy, and liquidity crises arise when they become credit constrained themselves. In such liquidity crises, financial institutions’ ability to borrow against their securities plays a key role, as Bagehot points out. In the private markets, it can become virtually impossible to borrow against certain illiquid securities, and, mo...