scale economies using two production models. The standard risk-neutral model finds little evidence of scale economies. The … model using more general risk preferences and endogenous risk-taking finds large scale economies. The authors show that …

The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk … assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited … liability. Moreover, higher capital may have an unintended e¤ect of enabling banks to take more tail risk without the fear of …

We present a simple model of systemic risk and show how each financial institution’s contribution to systemic risk can … empirically the ability of components of SES to predict emerging systemic risk during the nancial crisis of 2007-2009. …

The thesis proposes to assess the risk topic in the context of foreign investment decisions. In identifying two main … risk-related concepts, I have split risks in two categories using a unique criterion: the ratio between the endogenous and … category I have identified one source of risk, representing the most important of all risks belonging to the same pool. For the …

on current topics such as: the measurement of systemic risk, reserve requirements and its role in monetary policy, the … application of the Basel II default definition by credit risk assessment systems, and changes in credit portfolio management …, amongst others. Recent evolutions of the Risk Management Institute's Credit Research Initiative are also reported, including a …

. It suggest a microeconometric method for measuring flooding related risk preferences of affected individuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in high flooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk related behaviour over time is analysed and marginal effects …

Risk plays an important role in agricultural decision-making, particularly in those regions that are remarkably exposed … conditions, risk attitudes and risk management techniques with respect to the requirements of a functioning crop insurance system …Risiko spielt eine wichtige Rolle im Entscheidungsprozess landwirtschaftlicher Unternehmer, insbesondere in Regionen …