assess the state-contingent risk surrounding a firm's fundamental value. We find that the spread in analysts' scenario … changes in firm fundamentals. We also show that analysts' assessment of fundamental risk and its predictive ability …' systematic risk exposures …

joint dynamics of their components, with particular importance devoted to the simulation of tail risk scenarios. Commonly … simulation of realistic multi-asset scenarios with a particular focus on the accurate estimation of tail risk for a given class … of static and dynamic portfolios selected by the user. By exploiting the joint elicitability property of Value-at-Risk …

This chapter of the forthcoming Oxford Handbook of Financial Regulation considers, in broad historical perspective and … financial crises and regulation. It begins with an overview of financial crises generally, and then considers both the … historical and potential future role of regulation in financial crises. It discusses various theories of the roots of financial …