We use a classic Merton credit risk framework to argue that Islamic Banking Institutions (IBIs) face less incentive to … take on risks than Conventional Banking Institutions (CBI). IBIs have less incentive for risk shifting both in and outside … analysis suggests that the loss absorption capacity of Islamic banks leads to less risk taking and a more stable banking system …

Haustein -- 4. Mapping Out When and Where Climate Risk Becomes a Credit Risk; James Leaton -- 5. Designing Insurance against … Extreme Weather Risk: The Case of HuRLOs; Martin Boyer, Michèle Breton, Pascal Francois -- 6. The Evolving Risk Management … Risk Management in the Anthropocene Age; Bradly Condon and Tapen Sinha -- Part III. Technological Risks -- 13. An …