We investigate the political determinants of risk premiums which sub-national governments in Switzerland have to pay … significantly to lower cantonal bond spreads. Second, we study the impact of a credible no-bailout regime on the risk premia of … reduction of cantonal risk premia by about 25 basis points. Moreover, it cut the link between cantonal risk premia and the …

Were government bond risk premia affected by the media in addition to the effects of major events? Revisiting the …

that different risk-groups prefer different types of contracts, and that only the sequential contracts, which are …

, in which sovereign risk is limited through diversification and some form of seniority. These assets would be held by …

. The pooling and tranching of credit assets relaxes both the funding and the risk constraints financial entities face … allowing them to increase balance sheet holdings. This increase in asset demand depresses the compensation for undertaking risk … in the economy, confirming our empirical results. Crucially, we show that declines in the compensation for risk taking in …

-2022, applying panel regressions and quantile analysis. We conclude that an increase in sovereign risk raises the share of domestic … risk for domestic investors have increased since the 2010 financial crisis. …

degree of pessimism of the representative agent is the mean of the individual ones weighted by their index of absolute risk …

We propose and implement a procedure to dynamically hedge climate change risk. We extract innovations from climate news … change hedge portfolios. We discipline the exercise by using third-party ESG scores of firms to model their climate risk … approaches to managing climate risk. …