the period 1972:1-2014:12 to forecasts our tail risk indicators with each model in pseudo-real time. Our key finding is …

use of model averaging techniques as a way of dealing with the risk of inadvertently using false models in portfolio … management. Evaluation of volatility models is then considered and a simple Value-at-Risk (VaR) diagnostic test is proposed for …

In higher education, pure credit market funding leads to underinvestment due to insufficient risk pooling, while pure …

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

We investigate the trade-off between the risk-sharing gains enjoyed by more interconnected firms and the costs … resulting from an increased risk exposure. We find that when the shock distribution displays “fat” tails, extreme segmentation …

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 …

We present an experimental study on how people take risk on behalf of others. We use three different elicitation …. We find a weak tendency of lower risk-taking with others' money compared to own money. However, subjects believe that … other participants take more risk with other people's money than with their own. At the same time, subjects on average think …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …

This paper explores the introduction of collective risk-sharing elements in defined contribution pension contracts. We … consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate …