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 …

Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy … methods have contributed significantly to the analysis of financial risk management when there is economic uncertainty …

-horizon goal makes it more appealing among practitioners than myopic approaches, like Markowitz's mean-variance or risk parity. The … GOP literature typically considers risk-neutral investors with an infinite investment horizon. In this paper, we compute … the optimal bet sizes in the more realistic setting of risk-averse investors with finite investment horizons. We find that …

Before the 2007-09 crisis, standard risk measurement methods substantially underestimated the threat to the financial … generating systemic risk during the crisis. …

This paper studies the impact of financial sector size and leverage on business cycles and risk-free rates dynamics. We … model a general equilibrium productive economy where financial intermediaries provide costly risk mitigation to households … intermediaries' relative size, but may also mitigate the business cycle. Moreover, it makes risk-free rates pro-cyclical. Households …

risk and to detect macrofinancial problems has become a central concern. In the United States, this concern has been … Crises ; Macroprudential Risk ; Debt-Deflation Process ; Ponzi Finance …

measures, resulting from the new model, can be used to implement joint risk scenario analysis …