risk; and (ii) should they be regulated more closely, and if so, how and to what extent? The paper begins with a basic … risk. It then reviews and evaluates some of the authorities'' proposed initiatives, and discusses some alternative …

Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction … dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more …

assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …

Though theory suggests financial globalization should improve international risk sharing, empirical support has been … limited. We develop a simple welfare-based measure that captures how far countries are from the ideal of perfect risk sharing …. We then take it to data and find international risk sharing has, indeed, improved during globalization. Improved risk …

voting decisions. Thus, risk neutral individuals exhibit what we call political risk aversion. Yet individual uncertainty is …

foreign exchange, interest rate, and credit risk. For surveillance purposes, this framework can easily be integrated into one …

important source of consumption risk as two thirds of households are involved in some level of agricultural production. For … South Africa, we focus on labor market risk proxied by transitions from formal employment to informal work or unemployment …