Firms that have foreign currency exposure face the problem of optimally hedging currency risk. In this paper, the firm … adopts a hedging strategy that takes the risk-reward trade-off into account. …

This paper studies how young, single, backpackers perceive the atmoshpere and risk within the urban holiday environment …

An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account … properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn …-generational redistribution, risk aversion, financial markets, governmental debt- on the political sustainability of a pay-as-you-go system is …