The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …

Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather …

determinants for sovereign recovery risk. Guided by theoretically backed hypotheses we use a sample of 102 past restructurings and …

We provide a new measure of sovereign country risk exposure to global sovereign tail risk (SCRE) based on information … monetary policy. We show that our risk exposure variable reacts significantly more than mean (median) CDS spreads to macro …-financial risks. Our results therefore imply that good fundamentals protect countries against sovereign risk especially in times of …

would have to change significantly to allow an investor or regulator to make a realistic attempt at measuring a firm's risk … and even more so any potential systemic risk. But there is no way that an accounting system that is based on measurements … systemic risk even for a single firm we would need massive amounts of detailed data that few market participants would be able …

risk management in restructuring sovereign debt. The scenario dynamics of debt-to-GDP ratio are used to define a tail risk … measure, termed "conditional Debt-at-Risk". A multi-period stochastic programming model minimizes the expected cost of debt … financing subject to risk limits. It provides an operational model to handle significant aspects of debt restructuring: it …

uncertainty, with endogenous risk and term premia. Using a coherent risk measure we trade off debt stock and flow risks subject to … critical for sustainability. The model quantifies minimum refinancing risk and maximum rate of debt reduction that a sovereign …