We introduce the notion of a convex measure of risk, an extension of the concept of a coherent risk measure defined in … the underlying space of scenarios. As a case study, we consider convex measures of risk defined in terms of a robust not … ion of bounded shortfall risk. In the context of a financial market model, it turns out that the representation theorem is …

This paper presents a general theory that works out the relation between coherent risk measures, valuation bounds, and … preferences, in the way many coherent risk measures are somewhat generic. -- coherent risk rneasures ; valuation bounds …

able to use policy to direct capital inflows into investment and thereby reduce the risk of instability in the financial …Countries receiving large-scale capital inflows are at risk if these flows do not find their way into productive and … long-term investment, as the Asian crisis of the late 1990s has proven. This book, the result of a joint project between …