Several studies have found that the cross-section of stock returns reflects a risk premium for bearing downside risk …; however, existing measures of downside risk have poor power for predicting returns. Therefore, this paper proposes a novel … measure of downside risk, the ES-implied beta, to improve the prediction of the cross-section of asset returns. The ES …

Traditional risk assessments use asset losses as the main metric to measure the severity of a disaster. This paper … proposes an expanded risk assessment based on a framework that adds socioeconomic resilience and uses wellbeing losses as its … reconstruction process at the household level, this risk assessment provides new insights into disaster risks in the Philippines …

The ability to manage financial risk is especially important for people earning their living through agriculture. Many … inclusion-access to and use of formal financial services. This paper explores the topic of financial risk management in … risk and use financial services. The paper summarizes new data based on a nationally representative survey of about 15 …

methodologies explored by South Africa to assess the credit risk from guarantees extended to Eskom. To manage and closely monitor … this risk, a dedicated Credit Risk directorate in the Asset and Liability Management division at the National Treasury of … South Africa has implemented a risk assessment and management framework, supported by the World Bank Treasury. The team …