effects on technological progress and welfare, which depend critically on the risk sharing capacity of the economy's financial … system. For example, we show that with efficient risk sharing more precise information adversely affects the equilibrium risk …

constant relative risk of constant risk aversion or constant absolute risk aversion. We also demonstrate that the introduction … of risk sharing markets may invalidate the blackwll result. …

to assess control deficiency risk (CDR) in organizations. BII measures the extent of use of IT by an organization in its … alternative approaches to risk management. This model contains four quadrants that provide insight into varying risk management … assess risk and to evaluate investments in IT security and other control activities. The model also highlights the need to …

unfavorable selection and moral risk, making the financial markets unable to direct efficiently the funding from depositors toward …

. These findings are shown to be robust to the statistical assumptions of the model as well as the choice of risk measure used …

findings and recommendations, and analyzes the institutional framework and coordination arrangements for systemic risk …