) to determine regulatory credit risk capital. Both rely on estimates of obligor probabilities of default (PD). Investors … leading to increased PDs, LGDs, provision requirements (through increased expected losses) and regulatory credit risk capital …

recent 2009 "Copenhagen Accord", it is amply recognized that both mitigation and adaptation strategies are necessary to … both cases uncertainty works in the direction to make mitigation a more attractive strategy than adaptation. When …. It is also shown that optimal mitigation responses are much less sensitive than adaptation responses to spatial …

recent 2009 “Copenhagen Accord”, it is amply recognized that both mitigation and adaptation strategies are necessary to … both cases uncertainty works in the direction to make mitigation a more attractive strategy than adaptation. When …. It is also shown that optimal mitigation responses are much less sensitive than adaptation responses to spatial …

, incorporating climate-related disaster shocks and their aftermath as a distressed phase, is suitable for studying mitigation and … sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate …

portfolios that help mitigating climate change risk but at the same time enable harvesting well-established return drivers such …

The severity of extreme weather events is increasing due to climate change, giving rise to physical climate risk …. However, physical climate risk is not only driven by the severity of individual hazards, but also by the interdependence of …/Snow, Landslide, Tornado, and Wildfire. We empirically estimate the tail risk of multi-hazard portfolios for the limiting cases of …