This paper analyses the optimal hedging decisions for risk-averse producers facing crop risk, assuming crop yield … derived. The individual crop risk is shown usually to contain a large systemic component. These new hedging instruments are …

Through the lens of market participants' objective to minimize counterparty risk, we investigate central clearing in … derivatives markets, and its interaction with systematic risk, portfolio directionality, and loss sharing. Previous studies … suggest that central clearing always reduces counterparty risk for a sufficiently large number of clearing members. We show …

Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the … of the benefits and potential pitfalls with respect to a single market participant's counterparty risk exposure when … elements can render central clearing harmful for a market participant's counterparty risk exposure regardless of the number of …

Through the lens of market participants' objective to minimize counterparty risk, we provide an explanation for the … of the benefits and potential pitfalls with respect to a single market participant's counterparty risk exposure when … elements can render central clearing harmful for a market participant's counterparty risk exposure regardless of the number of …

Catastrophe risk models allow insurers, reinsurers and governments to assess the risk of loss from catastrophic events … hurricane seasons, in conjunction with recently published scientific literature has led risk modelers to revisit their hurricane … compares their risk estimates to those of base normal hurricane models. This comparison shows that the recent 50 year period of …

Catastrophe risk models allow insurers, reinsurers and governments to assess the risk of loss from catastrophic events … hurricane seasons, in conjunction with recently published scientific literature has led risk modelers to revisit their hurricane … compares their risk estimates to those of base normal hurricane models. This comparison shows that the recent 50 year period of …

Catastrophe risk models allow insurers, reinsurers and governments to assess the risk of loss from catastrophic events … hurricane seasons, in conjunction with recently published scientific literature has led risk modelers to revisit their hurricane … compares their risk estimates to those of base normal hurricane models. This comparison shows that the recent 50 year period of …

studying the impact of ESG on credit risk, debt and equity costs, or sovereign bonds. We further expand the topic of ESG …