markets are still facing a number of challenges including prevalent short-term indexation, investors’ risk aversion to long …

policy and setting of the risk tolerance level in order to ensure consistent risk-bearing capacity and greater accountability …

During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We … investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the … participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital …

A common assumption in standard economic models is that agents are risk-averse and prudent, and it is often argued that … isolation of the effect of risk aversion on precautionary savings, is introduced. The effects of changes in risk aversion …