The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate … endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its … data and therefore can be implemented as a risk assessment tool for financial regulators and central banks. We address the …

amplification of systemic risk. We caution against focusing on the accounting rule in isolation, and instead emphasize the … probability of fire sales are incentivized to adopt a more prudent investment strategy during normal times which leads to a safer …-based information, our results indicate that regulatory simplicity may be preferred to the complexity of risk-weighted capital ratios …

economically and statistically significant negative impact on risk-adjusted returns of approximately 1-2 percentage points, holding … constant other relevant factors. The use of explicit limits on asset allocation can be a blunt instrument for regulating risk …-taking, in that they impede investment managers’ ability to exploit the benefits of portfolio diversification, and thus distort …

Relying on a Constant Relative Risk Aversion utility function, we use panel data for Argentina to compute risk …-adjusted income and poverty measures and to analyze their determinants. Taking risk into account increases poverty. The regression …

risk. To do so, the article unravels the much-misunderstood experiences of eight Norwegian municipalities whose investments … analytical concepts—“the fetishization of the knowledge of risk” and “fictitious distance”—to help explain how the crisis spread …