improved risk management during the global financial crisis, the role of banking regulation in an economy under credit risk and …-market noise, stress testing correlation matrices for risk management, whether bank relationship matters for corporate risk taking …, with evidence from listed firms in Taiwan, pricing options on stocks denominated in different currencies, with theory and …

a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk … estimate the model in the structural form suggested by theory. The methodology is applied to micro data from a remarkable long …-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the ergodic distribution …

risk of thestrategies increases proportionally. Second, we test whether the strategies can be implementedsuccessfully in …, we examine several popularexplanations for the excess returns. We find no evidence of higher market risk or lower …

expected growth rate of the economy and when thegovernment has a lifetime perspective of the risk exposure. The paper also …