sustainability, and the valuation of financial assets. In turn, macro-financial risks translate into weakened resilience to physical …

proposes an expanded risk assessment based on a framework that adds socioeconomic resilience and uses wellbeing losses as its …Traditional risk assessments use asset losses as the main metric to measure the severity of a disaster. This paper … main measure of disaster severity. Using a new, agent-based model that represents explicitly the recovery and …

arrangements. Firms that participate in the formal financial sector are also subject to higher levels of risk and uncertainty. As … more productive firms face higher risks and uncertainty, a model of resource allocation with heterogeneous firms is used to … risks and uncertainty in the presence of underdeveloped financial markets. The analysis shows that investing firms …

, and survival in export markets. The analysis finds that uncertainty in the time to clear imported inputs impacts neither … mediating role of sunk costs of entry in foreign markets, which attenuate the negative effect of uncertainty on survival rates …, as firms delay exiting the export market. Most importantly, the measure of uncertainty displays a distinctive effect on …

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 …

"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross …-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to … different prior assumptions on expected model size. "--World Bank web site …

"This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns …-interest income generating activities such as trading increases the rate of return on assets, and it may offer some risk …, although it can offer some risk reduction at commonly observed low levels of non-deposit funding. A sizeable proportion of …