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In recent decades, more and more European households have become home owners. Typically, this has been achieved with the help of a loan, repaid over a number of years to cover a proportion of the purchase price. Some households in some countries and at some times experience financial hardship in...
Persistent link: https://www.econbiz.de/10005269443
of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. The …
Persistent link: https://www.econbiz.de/10005272773
risky and volatile the money market will be. Furthermore, during the tenure of Chairman Greenspan, the volatility and risk …
Persistent link: https://www.econbiz.de/10005272982
socio-economic differences in mortality, but also pre-annuitized wealth and longevity risk pooling in marriage. Using HRS …'s degree of risk-aversion and proportion of pre-annuitized wealth. A significant minority would perceive themselves as …
Persistent link: https://www.econbiz.de/10005273186
In financial theory, the optimal allocation of assets and its relationship with profitability has been one of the main concerns; the question has always been if banks should focus or diversify their assets. In our case, we would like to answer this question focusing in diversification of the...
Persistent link: https://www.econbiz.de/10005274510
market risk levels are too great. Hazard warnings policies often can address informational failures. Some market failures may … be exacerbated by government policies, particularly those embodying conservative risk assessment practices. Labor market … estimates of the value of statistical life provide a useful reference point for the efficient risk tradeoffs for government …
Persistent link: https://www.econbiz.de/10005279645
Although risk management approaches appeared more than one decade ago, there is the evidence of low penetration rate of … their techniques in software projects. One of the most known methods is the SEI Software Continuous Risk Management (SEI … suggests that SEI-CRM is limited in terms of the organizational risk perspective. This research is expected to contribute with …
Persistent link: https://www.econbiz.de/10005549597
Do remittances sent by overseas migrants serve as insurance for recipient households? This paper examines how remittances sent by overseas migrants respond to income shocks experienced by Philippine households. Because household income and remittances are jointly determined, we exploit rainfall...
Persistent link: https://www.econbiz.de/10005551471
of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …
Persistent link: https://www.econbiz.de/10005555994
Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...
Persistent link: https://www.econbiz.de/10005556097