resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the …. Policymakers should be aware and conversant about risk analysis, risk management, and what policies can best respond to exogenous …

I develop a dynamic capital structure model to examine how the nature of risk affects firm's debt policy. In the model …, firm's fundamental risk, captured by its cash flow process, consists of transitory and persistent parts with markedly … different dynamics. The model explains the observed dispersion in the risk-leverage relationship. Firms with similar total …

This paper criticises the standard methodology used to measure the importance of different channels of risk sharing in …

Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks … significantly alter risk attitudes over time, but there is no consensus on the direction. In this paper, we investigate whether risk … rainfall data for rural Thailand and Vietnam. Our econometric analysis shows that temporal variability in risk attitudes is …