We estimate the pricing of sovereign risk for sixty countries based on fiscal space (debt/tax; deficits/tax) and other … and economically important determinants of market-based sovereign risk. Although the explanatory power of fiscal space … emergence of TED spread as a key pricing factor. However, risk-pricing of the South-West Eurozone Periphery countries is not …

. We show that agents who maximize a GEU exhibit first order risk aversion and tend to refrain from di- versification in … risk aversion increases the threshold of yields leading to diversification, shifting the cone of diversification upwards … given domestic yield. Ceteris paribus, greater downside risk aversion reduces the feasible hetero- geneity of normalized …

' investment decisions. As a result, the interaction between saving behavior, broadly construed, and aggregate risk and uncertainty … macroeconomic volatility and risk, private saving should be higher. From the observable data, however, we find a negative … correlation between risk and private saving in cross-country comparisons, particularly in developing countries. We provide a …

experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries …