resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the …. Policymakers should be aware and conversant about risk analysis, risk management, and what policies can best respond to exogenous …, shocks, for example, natural disasters, pandemics, financial crisis, and the traumatic effects of those shocks. …

employ a multi-region computable general equilibrium (CGE) model, focused on Austria and its major trading partners. We … wir ein multiregionales berechenbares allgemeines Gleichgewichtsmodell (CGE) mit Schwerpunkt auf Österreich und seine …

This paper studies the impact of cyclical systemic risk on future bank profitability for a large representative panel … risk predict large drops in the average bank-level return on assets (ROA) with a lead time of 3-5 years. Based on quantile … local projections we further show that the negative impact of cyclical systemic risk on the left tail of the future bank …

model (DSGE) to find a better way to understand how policies stabilize the Vietnamese economy. Based on the framework of …

and international finance, lower credibility with respect to both price stability and default risk, and other imperfect …, default risk, moral hazard and imperfect institutions. Many of the models designed to fit emerging market countries were built …

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … risk sharing: we find that countries with the most highly developed markets for securitized mortgage debt have consumption … risk sharing in tranquil times but that it actually fails to provide international insurance in severe crisis periods …