Better insurance against rainfall risk could improve the security of hundreds of millions of agricultural households … around the world. However, customers have shown little demand for stand-alone insurance products. This paper theoretically …

competition and the absolute level of risk of individual banks, in this paper we examine the correlation in the risk taking … behavior of banks, hence systemic risk. The analysis finds that greater competition encourages banks to take on more …

This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system …. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and … examine the evolution of the correlation structure of default risk for more than 1,800 banks in more than 60 countries. They …

uses data from the 2009 and 2010 Gallup World Poll, a nationally-representative survey of at least 1,000 individuals per … on the use of microcredit around the world, demonstrate that economic gains from microcredit have been more modest than …

to crisis situations involving systemic risk: a disturbance in the financial system that is serious enough to affect the … real economy. This note sets out the main characteristics of a systemic risk assessment framework: a simple analytical … assess the extent to which that particular crisis situation poses systemic risk. …