economies, assesses whether advances in integration have had a significant positive impact on countries'' risk-adjusted growth … integration has advanced at the fastest pace in Europe. Second, a country''s speed of integration predicts future country''s risk …-adjusted growth opportunities, while improved risk-adjusted growth opportunities predict future advances in integration, indicating …

We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …

foreign exchange, interest rate, and credit risk. For surveillance purposes, this framework can easily be integrated into one …

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to … assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …

-or-sow"" model of growth. High volatility of permanent shocks results in high precautionary saving in the safe asset and low … investment, or a ""volatility trap."" Namely, big savers invest relatively little. In contrast, low volatility of permanent … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …