the cost of increasing systemic risk. Later, a follow-up study showed that a particular strategy of securitization with … their implications for individual and systemic risk. We show that securitization that involves exchanging a portion of both …Diversification practices by banks affect their own risk of failing and the risk of the banking system as a whole …

, thus bearing material rollover risk on their liabilities which led to defeasance. This paper models these vehicles, and … shows that imposing leverage risk control triggers can be optimal for all capital providers, though they may not always be … appropriate. The efficacy of these risk controls varies depending on anticipated asset volatility and fire-sale discounts on …

is to introduce new risk hedging financial contracts for crime, consistent with dynamic asset pricing. Underlying the … index, we hedge the investments by issuing marketable European call and put options and providing risk budgets. These … budgets show that real estate, ransomware, and government impersonation are the main risk contributors in our index. Next, we …

approach. This involves the generation of sovereign defaults and allocation of the combined credit risk premium of all the …. Optimal hedging with SBBS is found to reduce risk exposures substantially in normal market conditions. In volatile conditions … each of the long positions in a portfolio of individual sovereigns results in a risk exposure as low as that borne by …

role of the capital market in insurance, financing, economic development, optimal risk management, risk transfer process in …

This paper re-examines the performance of REITs, stocks, and fixed-income assets based on the preferences of risk …-averse and risk-seeking investors using mean-variance and stochastic dominance approaches. Our findings indicate no first … order to maximize their expected utility, the risk-averse prefer fixed-income assets over real estate, which, in turn, is …

companies that are at risk of bankruptcy using the DEA method. The originality is the selection of key inputs and outputs to the …

assumptions alone in measuring risk. Cushioning against risk has always created a plethora of complexities and challenges; hence …, this paper attempts to analyse statistical properties of various risk measures in a not normal distribution and provide a … financial blueprint on how to manage risk. It is assumed that using old assumptions of normality alone in a distribution is not …