earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

as an explanation for differences in home bias across financial assets. We present a Markowitz-type portfolio selection … model in which real exchange rate volatility induces a bias towards domestic financial assets as well as a stronger home … bias for assets with low local currency return volatility. We find empirical support in favour of this hypothesis for a …

The paper analyses and compares the role that the tightening in liquidity conditions and the collapse in risk appetite … shocks have had a more severe impact on advanced economies, it was mainly the decline in risk appetite that affected emerging … within types of economies, with Europe being more adversely affected by the fall in risk appetite than other advanced …

finds that common shocks – key crisis events as well as changes to global liquidity and risk – have exerted a large effect …, country risk and the strength of domestic macroeconomic fundamentals. Comparing and quantifying these effects shows that …

The paper analyses the transmission of liquidity shocks and risk shocks to global financial markets. Using a Global VAR … strong during the 2010-11 sovereign debt crisis, with risk shocks driving down bond yields in key advanced economies. The …

earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … Study. The data include private wealth balance sheets, in particular the value of own private business assets, and a … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger …