The ECB has accepted increasing amounts of rubbish collateral since the crisis started leading to exposure to serious … private sector credit risk (i.e. default risk) on its collateralised lending and reverse operations ("repo"). This has led … ECB balance sheet risk is small compared to the FED and BoE as it neither increased its quasi-fiscal operations as much as …

comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …

earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

parameter of risk aversion. The simulation results indicate that flatter tax systems do not encourage, but rather discourage … people from choosing self-employment. This is explained by the reduction of entrepreneurs' income risk through progressive …

The paper investigates the role of social norms as a determinant of individual attitudes by analyzing risk proclivity … immigrants' ethnic persistence and assimilation. The estimated effect of these measures on risk proclivity suggests that … adaptation to the attitudes of the majority population closes the immigrant-native gap in risk proclivity, while stronger …