access to financial markets quite quickly result in increasing market participation. However, the degree and sort of risk …

is negative in all countries except Canada (where it is positive) in the case of bond flows. Under the assumption of risk …

We define a class of risk-taking-neutral (RTN) background risks. These background risks have the property that they … will not alter decisions made with respect to another risk, for individuals with HARA utility. If we wish to compare a … decision made with and without some exogenous background risk, it is often easier to compare the decision made to one made with …

can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …

boom yields consistently positive excess returns. This excess return compensates for the risk of high negative returns in … countries on risk aversion, and low (high) risk aversion currencies depreciate (appreciate) in times of global turmoil …

empirically show two main findings: first, risk-taking is positively related to the length of tax loss periods because the loss … rules shift some risk to the government; and second, the tax rate has a positive effect on risk-taking for firms that expect …

-Bernanke period only. Focusing on this period, the “risk-management” approach is found to be responsible for monetary policy easings …