diversification potential and therefore risk reduction. Yet, the latter may be counterbalanced by the fact that emerging markets …This paper investigates the diversification prospects which may be reaped when investing in a mixture of emerging and …, emerging market assets could be combined into efficient portfolios when assessed in terms of risk and return. By contrast …

philosophy of risk sharing and strict rules governing its activities to be in line with Islamic Law (the Shariah), the industry … the risk taking in order to justify earnings. IFSIs may need to cooperate in developing risk management standards and … practices to mitigate risk that are unique to themselves as well as review the contracts and assets that may expose the IFSIs to …

In this chapter I argue that as a response to the introduction of capital requirements in the form of risk weights … that the new optimum has a lower risk. The effect of the regulation depends on several things, most importantly the … correlation between individual investments, investor preferences and the relative size of risk weights. …

The main research question of this paper is whether or not the risk of family disruption has an impact on the …, the theory is divided over the effect of family risk over saving and wealth accumulation. By using data from the Italian … experiencing marital splitting over the subsequent two years. The main result of our analysis is that family disruption risk …

consumers face uninsurable earnings risk and borrowing constraints. We begin by characterizing the consumption function of …-preserving spread in earnings risk would encourage wealth accumulation at both the individual and aggregate levels. …

This paper analyzes the optimal consumption behavior of a consumer who faces uninsurable labor income risk and …

of economic growth when the use of a polluting input (e.g., fossil fuels) intensifies the risk of capital destruction … the relative significance of the risk premium and precautionary savings effects. Welfare is maximized under a milder …