The value at risk measure attempts to summarize in a single number market value risk of a portfolio of financial assets ….The paper focuses on the interaction between the solvency probability of a bank, on one hand, and the diversification potential … achieve some confidence level of solvency we demonstrate that diversification pays when optimizing the use of the equity …

sector as might be expected. The asset covariance and the labor risk correlation, especially the working location of the …. Moreover, a effective hedge for the income risk is not possible in most of the observed scenarios. -- Protection ; Portfolio … Choice ; Risk Diversication ; Income Risk …

increasing income. -- Climate risk ; agricultural diversification ; portfolio theory ; Sub Saharan Africa …Climate risk is particularly burdensome to small-scale farmers in developing countries due to heavy dependence on … rural populations, and the risks they are facing. This paper presents an approach to measuring climate risk and its impact …

downside risk and recognizes the heavytail feature of the asset return distributions. Then we show that optimal portfolio sizes … diversification against the benefits in terms of the standard deviation of the returns. Suppose a safety first investor cares about …