nature of climate risk (i.e. deep uncertainty, non-linearity and endogeneity), and of financial risks (interconnectedness and …, sovereign and corporate bonds), climate scenarios conditioned risk metrics (such as the Climate Spread and the Climate Value-at-Risk …). These allow us to introduce forward-looking climate risk scenarios in the valuation of counterparty risk, in the probability …

. Financial stability is achieved with an LTV-cap regulation which smooths the leverage cycles through quantity (higher equity …

The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of … although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …

activity. Lastly, I consider the differing implications of ambiguity and risk, as well as the role of policies that reduce …

intermediaries to lower expected returns and non-fundamental price fluctuations. In anticipation, risk-averse intermediaries trade … time-variation in the risk premium, Sharpe ratio and volatility even when risk aversion and the variance of fundamental … of fundamentals, the mechanism highlighted suggests fluctuations in the risk premium can be sub-optimal to the extent …

deviation increase in EPU is associated with a 1.11% decrease in risk-adjusted momentum returns. The predictive power of EPU is …. The literature documents that momentum can be partially attributed to performance chasing mutual fund flows. This flow …

of money and past fund performance …