measures of countries' growth opportunities. -- Liquidity ; risk premiums ; growth opportunities …

worth, the evaporation of liquidity and rising risk premia are the key channels through which geopolitical uncertainty …

ante risk assessment and derive risk premia for every balance sheet item where liabilities are differentiated according to … priority rights. We find that risk premia reflect both idiosyncratic risk and risk of contagion (network risk). Moreover, we … show that network risk magnifies the gap between the risk premia of equity and debt. We also perform comparative statics …

A large literature suggests that the expected equity risk premium is countercyclical. Using a variety of different … measures for this risk premium, we document that it also exhibits growth asymmetry, i.e. the risk premium rises sharply in … which agents cannot perfectly observe the state of current productivity, can generate the observed asymmetry in the risk …

derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes … making under uncertainty. It clarifies the distinct roles of risk aversion, prudence, characteristics of the damage … formulation, and future policy response. We show that an optimal response to uncertainty substantially reduces the risk premium. …

We empirically assess the interlinkages between sovereign risk, measured in terms of CDS spreads, and exchange rates … risk of other emerging economies is more relevant for the sovereign risk-exchange rate relationship than the state of … developed markets risk for all countries in our sample and for all segments of the assets distribution. The same considerations …