Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … at a national scale. Thus the possibility to reduce risk exposure by increasing the trading area of the insurance is … diversification effects considerably. -- Weather risk ; crop insurance ; copula …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

investors carry power market risks, in particular the power price risk. At the same time however, under the current financial … endanger further deployment and the achievement of renewable targets with it. Against this background we take a risk … perspective to assess the past and upcoming EEG reforms, with the aim of developing a proposal to gradually shift risk towards RE …

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 …

This paper studies the relationship between the riskiness of banks' assets and their average risk weight. Banks …' initial risk weights explain about half of the variation in projected credit losses in the 2018 European Banking Authority … between risk weights and estimates of banks' asset volatilities based on market data. However, I also find issues with risk …