which financial markets were trying to allocate risk between heterogeneous agents when productive investment opportunities … are scarce. We begin by showing how heterogeneity in terms of risk tolerance can cause financial markets to propagate …

which financial markets were trying to allocate risk between heterogeneous agents when productive investment opportunities … are scarce. We begin by showing how heterogeneity in terms of risk tolerance can cause financial markets to propagate …

Eye tracking can facilitate understanding irrational decision-making in contexts such as financial risk-taking. For …

Cyber risk, defined as the risk of loss from dependence on computer systems and digital technologies, has grown in the …

(ECB) actions, and credit rating downgrades affect the value and the crash risk of the euro. We proxy the value changes of … the euro by its abnormal foreign exchange (FX) rate returns with respect to 35 currencies. The crash risk of the euro is … increase of the euro crash risk. Interestingly, we find that specific announcements about Greece on average do not …

yields did not show risk spreads that were as large as those in 2012 …

We investigate systemic risk and how financial contagion propagates within the euro area banking system by employing … simulations to propagate shocks emerging from three sources of systemic risk: interbank, asset price, and sovereign credit risk … the dominance of the sovereign credit risk channel amplifies, as the primary source of financial contagion in the banking …