withdrawal of employers and external insurers as risk bearers of systematic financial and longevity risks. Partly because of … pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … risk-sharing functions of pensions, PPRs allow risk management and (dis)saving to be customized to the specific features of …

to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … basis risk associated with the index insurance, and with imperfect trust that promised payouts will be delivered. …

that, contrary to what they profess, macroeconomic and political risk is not inhibiting the investment behavior of …

We develop a dynamic model of investment, cash holdings, financing, and risk management policies in which firms face …-flow sensitivity of cash display a more realistic behavior than in prior models with financing frictions. In addition, risk management …

the labour market for traders intensifies, banks optimally offer top traders contracts inducing them to take more risk … to reduced risk-taking by their top traders. …

In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …

, borrowers take on less risk exposure than non-borrowers. A larger risk exposure by borrowers may occur as well, however …, borrowers' default policies render binary options useful instruments for lenders in hedging the credit-risk component of their … and volatility in contrast to the exogenously assumed constant mean and volatility in many credit risk models. We consider …

Empirical testing of asymmetric information in the insurance market has uncovered a negative correlation between risk … insurance buyers have different tastes for risk and that 'individuals who are highly risk avoiding are more likely both to try … propitious selection argument does not imply negative correlation between risk levels and insurance purchases, be-cause it fails …

between funded and unfunded systems when there are sources of uninsurable risk that are allocated in different ways by …