consumption across countries from the predictions of models with full risk sharing. It is commonly believed that these risk … that the full risk sharing equilibrium may not require much diversification of equity portfolios when there is price …

This paper presents a simple heuristic measure of tail risk, which is applied to individual bank stress tests and to …

This paper investigates the effects of national culture on firm risk-taking, using a comprehensive dataset covering 50 …,000 firms in 400 industries in 51 countries. Risk-taking is found to be higher for domestic firms in countries with low … to take substantially more risk in industries which are more informationally opaque (e.g. finance, mining, IT). Risk …

Why do many households remain exposed to large exogenous sources of non-systematic income risk? We use a series of … Non-Purchase -- VII. Improving Household Risk Management: Tentative Lessons and Conclusions -- References -- VIII …

: EXTENSION OF CREDIT RISK+ WITH CORRELATED FACTORS -- IX. MODEL SUMMARY -- X. NUMERICAL IMPLEMENTATION -- XI. NUMERICAL EXAMPLES … USING THE CREDIT RISK TOOLBOX -- XII. CONCLUSION -- PROBABILITY AND MOMENT GENERATING FUNCTIONS -- References. …

in terms of identifying risks that are often overlooked before turining to the optimal risk-sharing between the public … and private partners, in particular with respect to information asymmetries in risk perceptions. This allows us to propose …Intro -- Contents -- I. Introduction -- II. The development of PPPs -- III. Risk sharing, asymmetry of information, and …

capital or liquidity within a group during periods of stress. This study presents a framework on how to integrate this risk …

important source of consumption risk as two thirds of households are involved in some level of agricultural production. For … South Africa, we focus on labor market risk proxied by transitions from formal employment to informal work or unemployment …