past gains and losses on investors'' risk aversion. We first present a simple model on how heterogeneous changes in … investors'' risk aversion affect portfolio decisions and stock prices. Second, we empirically show that, when funds'' returns …

Congo (DRC)'s debt-carrying capacity was assessed as weak. DRC remains at a moderate risk of external and overall debt …

assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and … liquidity position of institutions. The mission recommends that future STs should be risk-based and that macroprudential …

determined by stress tests. The main sources of risk lie in the credit risk arising from exposures to Central, Eastern, and … Southeastern Europe (CESE) and the Commonwealth of Independent States (CIS), indirect credit risk from foreign currency lending …, and credit risk from domestic lending. The Austrian banking systems exhibits ample liquidity. In-depth discussions with …

We identify different sources of risk as important determinants of banks'' corporate structures when expanding into new … markets. Subsidiary-based corporate structures benefit from greater protection against economic risk because of affiliate …-level limited liability, but are more exposed to the risk of capital expropriation than are branches. Thus, branch-based structures …