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1、1500 单词， 7500 英文字符 ,2500 汉字  文献出处： LuigiGuiso. Trust & Insurance Markets J. Journal of Banking & Finance, 2012(7): 34-60. 原文  Trust & Insurance Markets LuigiGuiso Summary Trust is a key determinants of any financial transaction. Exchanges in insurance markets are a particular t

2、ype of financial transaction where a current payment the premium is exchanges for a promise of a future, contingent payment the indemnity due when the casualty occurs. We argue that trust is key in fostering these type of exchanges. Trust enters two ways: because it affects the willingness of the co

3、mpany to supply insurance when the insured can cheat by claiming indemnities that are not due. Because it discourages people from purchasing insurance if they do not trust the company promise of readily paying the indemnity when due. We prove theoretically and empirically the relevance of trust in i

4、nsurance exchanges and discuss policies to foster it. Keywords: Trust, financial contracts, insurance Introduction It has long been recognized that trust is a key ingredient in fostering economic and financial transaction and achieving business success. Years ago, Nobel prize 文翻译文献 Kenneth Arrow (19

5、72), after recognizing the pervasiveness of mutual trust in commercial and non-commercial transactions, went so far as to state that “it can be plausibly argued that much of the economic backwardness in the world can be explained by the lack of mutual confidence”. Since then plenty of evidence has s

6、hown that aggregate trust and aggregate economic performance are linked by a strong positive relationship. In addition, in high trust countries corporations can grow larger (La Porta et. al. (1997) and stock markets and financial markets can prosper (Guiso et. al., 2009). As Arrow noticed, trust, while being an ingredient in most exchanges, it is likely to be particularly important in those transactions that involve an element of time. Financial transaction,