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 …

concerns about crypto assets been picked up in systemic risk assessment, and what can be done going forward? In this paper, we …, we propose a country-level Crypto-Risk Assessment Matrix (C-RAM) to summarize the main vulnerabilities, useful indicators … weave in specific vulnerabilities stemming from crypto asset activity into their assessment of systemic risk, and how they …

climate risk analysis …

risk events driven by climate change, rather than just individual extreme events, to better understand financial stability …

climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates …

building a dynamic stochastic general equilibrium model linked to global climate and a catastrophe risk model specifically for … drawing strong conclusions about the relevance of climate risk, as the model focused only on typhoons' physical capital …

To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and … value is sevenfold that of an increase. Moreover, the downward bias in systemic risk from ignoring this asymmetric p …

Intro -- Contents -- I. INTRODUCTION -- II. DEFINITION AND TYPES OF EXCHANGE RATE RISK -- III. MEASUREMENT OF EXCHANGE … RATE RISK -- IV. MANAGEMENT OF EXCHANGE RATE RISK -- V. HEDGING INSTRUMENTS FOR MANAGING EXCHANGE RATE RISK -- VI. HEDGING …

consequences for cost of capital, funding patterns, interconnectedness, and risk migration. …

Value-at-Risk (VaR) models often are used to estimate the equity investment that is required to limit the default rate … income required by investors. While this issue has been identified in the market risk setting, it has yet to be recognized in … the credit risk literature. Credit VaR techniques, as typically described, are not an appropriate basis for setting equity …