making and risk management. Over the past three decades there has been a trend towards increased asset return correlations … models proposed in the literature can be used to formally characterize and quantify market risk. In particular, we ask how … adequate these models are for modelling market risk at times of financial crisis. In doing so we consider a multivariate t …

physical and cognitive function? While many studies have explored the indirect links between climate and welfare (e … further evidence in support of a physiologically based causal mechanism. This more direct causal link between climate and … social welfare has important implications for both the economics of climate change and comparative development …

evidence shows asymmetry is also a prominent feature of stock market returns volatility. The reaction of risk if stock returns …

considers the evidence on return predictability, risk aversion and market efficiency. The paper then focuses on the theoretical …