Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy … methods have contributed significantly to the analysis of financial risk management when there is economic uncertainty …

strategies, affects financial performance when risk is measured. We use the MA rule for market timing, that is, for when to buy … stocks and when to shift to the risk-free rate. The important issue regarding the predictability of returns is assessed. It …

that suit their risk preferences and behavioral traits predicted from behavioral models. Finally, when EMH, anomalies and …

them and switch to the risk-free rate. In comparison, how might the performance be affected if the frequency is changed to … randomly half the time in stock markets and half in the risk-free rate …