. We show that the risk allocation is efficient if there is no workout of banking crises. In this case, banks will shift … part of the risk to depositors. In contrast, under a workout of banking crises, depositors receive non-contingent contracts … generations, even if the underlying risk is small or zero. This provides a new justification for capital requirements. …

The Nonprofit Risk Book guides you through the process of finding, managing and mitigating risks that sap your … its likelihood and impact. After assigning a priority to each risk based on its severity and determining the resources … needed to address it, you will be able to create a risk register. From this, you will be able to plan mitigation actions to …

Main description: In the wake of the global financial crisis that began in 2007, faith in the rationality of markets … role government can and can't play. The financial crisis, Frydman and Goldberg argue, was made more likely, if not … imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis …

study uses a comprehensive approach to assess the impact of rising geopolitical risk on sovereign debt holdings for a panel … investor's portfolios. Our results allow us to conclude that while domestic economic agents display clearer risk aversion …, foreign economic agents have a more risk-taking behaviour in what concerns the financial investment on government debt. …

Econometrics of Individual Risk is the first book to provide a complete econometric methodology for quantifying and managing this … underappreciated but important variety of risk. The book presents a course in the econometric theory of individual risk illustrated by … empirical examples. And, unlike other texts, it is focused entirely on solving the actual individual risk problems businesses …

This paper examines the effect of climate policy uncertainty on the default risk and documents a significant positive … impact of China's CPU on the corporate default risk, and the impact sounds systematically aggravating with the increasing … constraints function as effective channels between climate policy uncertainty and firm default risk. Besides, higher local …