mortgage borrowers may be at risk if interest rates rise. …

Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty … in net settlement arrangements and on the incentives for participants to alter the risk of the portfolio under net …

variances, and firm-specific event periods. Their method, which nests traditional methods, also permits systematic risk to … systematic risk of the acquiring firms, significant ARCH effects, and an event period that ends before the date of the … cannot account for information leakage may be biased, and (2) changes in systematic risk can occur in the absence of abnormal …

This paper examines differences in institutional risk profiles based on credit union membership type and membership … 1998. A cross-sectional statistical model is specified that examines risk variation relative to the type of common bond and … that occupationally based credit unions have a unique risk profile relative to other common bonds. This profile includes a …

that seems at odds with basic notions of risk and return. In this paper we construct an economy where production involves … between stock market risk and return varies in accordance with the supply of labor but requires no time variation in … positive risk-return relation obtains. Conversely, a negative relation obtains for asset market equilibria where there is …

There is evidence that risk-taking behavior is influenced by prior monetary gains and losses. When endowed with house … money, people become more risk taking. This paper is the first to report a house money effect in a dynamic, financial …

The risk of repudiation plays a central role in the size and nature of international capital flows. In this paper the … author addresses the question of whether, in a world of international capital flows with risk of default, strategic … have access to international markets. The author shows that a centralized setup allows more international risk sharing than …