Managing risk has always been an integral part of banking. In the past two years an approach to risk management called … "Value at Risk" has been accepted by both practitioners and regulators as the "right" way to measure risk, becoming a de … facto industry standard. Yet, the danger is that overreliance on value at risk can give risk managers a false sense of …

general types. First, both capital income taxes and monetary growth are shown to influence the economy through effective risk … risk-adjusted balanced budget. …

higher moment changes in payoff distributions. Farmer traits such as wealth and risk exposure affect their valuation of these …

information that underpin current models of risk pooling. A specially designed economic experiment involving 678 subjects across … attempts to conduct such tests. I find that more extrinsic commitment is associated with more risk pooling, but that more … information is associated with less risk pooling. The first of these results accords with our expectations and assumptions. The …