The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …

Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather …

Is increased competition in international financial markets desirable? On the one hand, reductions in mnopoly power can … be efficiency improving. On the other, increased competition may make it hard to coordinate in disciplining debtors in …

that, while the default premium does not contribute to carry trade strategies, the contribution of interest rate risk …, captured by the term premium, is large and increases with maturity. We introduce default risk in an otherwise standard affine …

determinants for sovereign recovery risk. Guided by theoretically backed hypotheses we use a sample of 102 past restructurings and …

We provide a new measure of sovereign country risk exposure to global sovereign tail risk (SCRE) based on information … monetary policy. We show that our risk exposure variable reacts significantly more than mean (median) CDS spreads to macro …-financial risks. Our results therefore imply that good fundamentals protect countries against sovereign risk especially in times of …

the risk of default of public debt, as well as the negative consequences of non-repayment of sovereign debt. The …