two currencies differ according to the magnitude of the 'inflation tax' risk associated with each currency. The inflation …We analyze a dual currency search model in which agents are allowed to hold multiple units of both currencies. Hence …, agents hold portfolios of currency. We study equilibria in which the two currencies are identical and equilibria in which the …

structure (term-structure effect) and (ii) the changes in relative risk premia component of different kinds/classes of assets … (risk-premia effect). Using Thailand data, I found that both effects are significant. I argue from this finding that …

cost uncertainty for users, it has been suggested that forward contracts could be used to manage these risks. We develop a … forward contracts would be adopted by service providers. Service on the upstream segment is provided by a single Internet … downstream network segment, with the advance possibility of entering into forward contracts with their users for some of their …

a deeper understanding as to why the economy lacks in specific areas of risk sharing arrangements. As well, it can point … to areas where the economy's risk sharing capability can be enhanced. Using household data from the Panel Study of Income … Dynamics, we find that a negligible amount of risk (around 10%) is shared in the aggregate, about 50% is shared within regions …

risk information in the global economy. The paper examines the current state of the financial risk framework, notes its … place. The proposed open-source financial risk model separates the dual function that internal risk models perform within … financial institutions, first to attempt to optimize the risk-return profile of mostly private economic rent-seeking entities …