This article examines Alberta's Wildlife Act and the federal Species at Risk Act (SARA) to assess the legal protection … that the Alberta government has chosen to govern species at risk almost entirely by policy and discretionary power. The …

This paper contributes to the literature on systemic risk by assessing the network structure of bilateral insurance … exposures in the global non-life insurance market. The reinsurance is the major risk transfer function in the global insurance … systemic risk during and after the global financial crisis, we assume a global reinsurance network in which insurers worldwide …

Italy is notoriously prone to natural hazards and disaster risk due to its peninsular and mountainous conformation. The … limited risk prevention and legacy of uncontrolled urban expansion contribute to amplifying the risks and their impacts … on the regional economy. Research of this type makes it possible to inform operative disaster risk reduction schemes and …

Extending previous risk model backtesting literature, we construct multiple hypothesis testing (MHT) with the … risk models, focusing on Value-at-Risk (VaR) and Expected Shortfall (ExS). In devising the test for the absolute predictive …

their return plans. We show that migrants anticipating a large wage in the host country, or a relatively low risk of …

Empirical evidence on developing countries highlights that poor farm-households are less keen to adopt high risk … develops a model of informal risk-sharing with endogenous risk-taking which provides a rationale for these observations. In our … framework, informal risk-sharing is incomplete due to risk externalities, which leads to moral hazard. We compare the first best …

This article proposes a simple but realistic model to co-simulate the time series of three risk factors: temperature … electricity price-volume joint risk; illustrate a hedging strategy using weather and electricity price derivatives; and price a …