global growth of the world economy. The explosive expansion that emerging markets are showing during the last few years is … or systemic risk. Emerging market liquidity measures are the basis for the sovereign debt market, the deviations of the …

In financial economics risk-return tradeoffs show how expected rates of return and consequently asset prices are altered …: (i) Present some of the recent literature that is concerned with the effect of long run risk on returns and prices. (ii …) Develop an analytical structure that reveals the long-run risk-return relationship in nonlinear continuous time Markov …

The cost of equity capital is traditionally considered as an increasing function of the estimation risk – the risk of … assets” -based information disclosure conveys relevant information to market participants regarding the risk underlying their …

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