Risk Entanglement in the Finance-State Nexus: The Case of Systemic and Political Risk [PDF]
Crises such as European debt crisis, Brexit, and COVID-19 have challenged established relations between finance and the state in attempts at mitigating a broad range of crises-related risks.
Markus Lange +2 more
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Political intergenerational risk sharing [PDF]
Abstract In a stochastic two-period OLG model, featuring an aggregate shock to the economy, ex-ante optimality requires intergenerational risk sharing. We compare the level of intergenerational risk sharing chosen by a benevolent government and by an office-seeking politician.
M. D'Amato, GALASSO, VINCENZO
openaire +6 more sources
Expanding the disaster risk management framework: Measuring the constructed level of national identity as a factor of political risk [PDF]
Political risk is identified as a dominant risk category of disaster risk management (DRM) which could negatively affect the success of those measures implemented to reduce disaster risk. Key to political risk is the construct of national identity which,
Barend Prinsloo, Gerrit van der Waldt
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IMPACT OF ECONOMIC, FINANCIAL AND POLITICAL RISKS ON TOURISM PERFORMANCE: A CASE OF SOUTH AFRICA [PDF]
The contribution of tourism to a country’s economy is determined by country risk measures such as economic, financial and political risk. This study aimed to investigate short and long-run effects of country risk factors on international tourist ...
Paul-Francois MUZINDUTSI +2 more
doaj +1 more source
Political risk impacts firm-level risk, influencing funding costs, cash holdings, and capital structure choices. Traditional approaches to political risk rely on aggregate indicators, like economic policy uncertainty proxies. In contrast, our study examines how political risk spreads among individual US firms and sectors using network analysis and ...
Chuliá, Helena +2 more
openaire +5 more sources
Investigating the Role of Economic, Financial, and Political Risks on Carbon Emissions in Iran: Quantile-on-Quantile Regression (QQR) Approach [PDF]
The relationship between economic, financial, political risks and per capita carbon emission (CO2) is considered as one of the major global challenges. The effect of these three factors on carbon emissions is very important.
Seyyed Mohammad Ghaem Zabihi +2 more
doaj +1 more source
Sociocultural dimensions of mobility transitions to come: introduction to the special issue
Mobility is on the move. Not least due to the COVID-19 pandemic as well as symptoms of socio ecological crisis, the present mobility systems are increasingly questioned and contested all around the world.
Marco Sonnberger, Antonia Graf
doaj +1 more source
Economic Development as a Method of Foreign Policy Risk Compensation: The Case of Armenia
Throughout a 35-year period, the Armenian economy has withstood numerous crises and political shocks, including the Spitak earthquake, the fi rst Karabakh war, a decline in GDP by over 50 %, transport blockades, and the 2008 economic crisis.
N. A. Dunamalyan +2 more
doaj +1 more source
K-Correspondences, USCOs, and fixed point problems arising in discounted stochastic games
We establish a fixed point theorem for the composition of nonconvex, measurable selection valued correspondences with Banach space valued selections.
Frank H. Page, Jing Fu
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Who is Afraid of Political Risk? Multinational Firms and their Choice of Capital Structure [PDF]
This paper investigates how multinational firms choose their capital structure in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of ...
Kesternich, Iris, Schnitzer, Monika
core +4 more sources

