hedging concepts articulated by Froot, Scharfstein and Stein (1993). In applying the theory to practice, there are lessons for … fluctuations in the availability and cost of external financing and by accounting considerations as by fluctuations in operating …

VAR values that are adjusted for risk aversion, time preferences, and other variations in economic valuation. In the …

This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been … being shared partly through the capital markets. In looking to likely future developments, the paper enumerates five key …

Recent supply disruptions catapulted the issue of risk in global supply chains (GSCs) to the top of policy agendas and … higher than direct indicators imply. Finally, we consider the future of GSCs in the light of current policy proposals and …

, informed by the recent experience with COVID-19, for defining a meaningful role for insurance in managing business interruption … representatives from the insurance industry can assist in defining its role in providing protection against the financial consequences …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … - an industry with over 7 Trillion in assets and over 1,000 private and public firms. We show that firms that are likely to …

bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. A flight to safety … generates a dollar appreciation and decline in global output. Dollar bonds thus command a negative risk premium and the U ….S. holds a levered portfolio of capital financed in dollars. We quantify the effects of safety shocks and heterogeneity in risk …

fragility in some aspects of dollarization, the common view that financial dollarization is a source of fragility is over … exchange rate depreciations in recessions …

companies with assets in excess of $10 billion to have a board risk committee, and (2) establishing a board risk committee does … with our theory in part …

Irrigation in the Eastern US receives little attention compared to the West, but farmers in humid states of the US …, traditionally reliant on rainfall, have more than tripled irrigation since 1978. We examine this trend in Illinois where there has … been a nearly threefold increase in center pivot irrigation systems (CPIS) installations since 1988. Specifically, we …