Uninsured risk constrains households in their production decisions in many developing countries. Similarly to crop …

This study examines the effect of smallholder farmers' access to a formal climate risk transfer mechanism on their risk …-purchaser farmers. Similarly, non-purchasers would have attained a significant reduction in their risk-aversion if they had taken up the … insurance product. We also find that WICI has a positive and statistically significant effect on farmers' real-life risk …

Although there is fast-growing policy interest in offering financial products to help rural households manage risk, the … exposed to yield risk, women face additional sources of lifecycle risk-particularly health risks associated with fertility and … childcare-that men do not. In essence, the basis risk associated with agricultural insurance products is higher for women …

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … risk sharing: we find that countries with the most highly developed markets for securitized mortgage debt have consumption … risk sharing in tranquil times but that it actually fails to provide international insurance in severe crisis periods …

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 …