rate risk, is more closely associated with comprehensive income volatility than either net income volatility or fair value … negatively associated with bank share prices, suggesting that comprehensive income volatility captures incremental risk factors … representation of bank risk, and is not more related to capital market pricing of risk in bank shares, than either net income …

Kimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only … multidimensional risk increases the marginal propensity to consume if and only if absolute prudence decreases with wealth, in the sense … if absolute prudence decreases. We characterize decreasing and increasing multivariate prudence and show that a …

En 2011, 48% des risk managers prennent leurs fonctions dans le cadre d’une création de poste. La proportion de …. Ces chiffres sont la quantification d’un constat : les structures de « risk management » et de « développement durable … culturelle de Mary Douglas combinée à la notion de prudence. …

statement analysis and credit rating of French groups.Results show a positive effect of new standards regarding the credit risk …

inflation, the model accounts for the C-CAPM expectations puzzle. Risk aversion coefficients between 2 and 7 are elicited. …

expectancy. We also question the cross-relationship between risk aversion and time preference. From a theoretical point of view … seems to be directly influenced by the risk attitude. …

be given in terms of ‘risk aversion'. Lastly, we show that generically equilibria are determinate. …

very important risk premiums. In this model, agents’ pessimism refers to an underestimation of the average rate of return … of assets: while pessimistic agents require a market price of risk identical to the standard agent one, they overestimate … the risk associated with assets and the resulting equity premium is therefore increased. There is no need, in this setting …