This paper provides a framework to endogenize rates of return for risk-free bonds and risky capital in an overlapping …, labor income and production risk play important roles in life-cycle portfolios. The paper then investigates the impacts of …

We introduce a new framework to integrate liquidity risk, funding risk and market risk, which goes beyond the simple … future market-risk scenario. Then we allow for the liquidity uncertainty to vary scenario by scenario, depending on what …-to-implement formula for the total liquidity-plus-market-risk P&L distribution. Using this formula we can stress-test different market risk …

some savers have no risk-sharing motives, there exists a non-negligible set of economies (endowments) and equilibria at …

men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …

We study financial risk taking via standard and sophisticated financial investments. Using survey data on 2 … financial literacy with an even stronger association for women than for men. Interestingly, risk tolerance does not affect women …

We study the role of international financial integration in buffering natural disaster shocks, using a large sample of … international risk sharing mostly come to advanced economies. Emerging markets only profit from more integration if they have good …

over recent years. These reports include: 1) a stocktaking of initiatives to promote natural hazard awareness and disaster … risk reduction education, resulting in the publication of a policy handbook; 2) a review of and recommendations on c …

In order to answer the question whether more integrated financial markets are characterized by less International Risk … for financial integration, and the International Risk Sharing in consumption. Using panel-data regressions for 21 OECD … international income flows, is associated with more International Risk Sharing. Much of the increase in international asset …

One of the significant problems of a modern economy and economics is political risk. A destructive influence of … business activities. Moreover, many hidden political factors change the political risk into immeasurable political uncertainty. …