Results 11 to 20 of about 7,455,679 (304)
Risk-Sharing Externalities [PDF]
Journal of Political Economy, 2020 Financial crises typically occur because firms and financial institutions are highly exposed to aggregate shocks. We propose a theory to explain these exposures. We study a model where entrepreneurs can issue state-contingent claims to consumers. Even though entrepreneurs can use these instruments to hedge negative shocks, they do not necessarily do so
Bocola, Luigi, Lorenzoni, Guido
openaire +2 more sources
SSRN Electronic Journal, 2014 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Chakravarty, Surajeet, Kelsey, David
openaire +3 more sources
Globalization and Risk Sharing [PDF]
The Review of Economic Studies, 2006 The goal of this paper is to study the effects of globalization on risk sharing. We consider risk sharing with respect to both individual shocks - or domestic risk sharing - and to regional shocks - or international risk sharing. We adopt a technological view of globalization, which consists of an exogenous increase in the fraction of goods that can be
Fernando Broner, Jaume Ventura
openaire +8 more sources
Risk-Sharing and the Creation of Systemic Risk [PDF]
SSRN Electronic Journal, 2020 We address the paradox that financial innovations aimed at risk-sharing appear to have made the world riskier. Financial innovations facilitate hedging idiosyncratic risks among agents; however, aggregate risks can be hedged only with liquid assets. When risk-sharing is primitive, agents self-hedge and hold more liquid assets; this buffers aggregate ...
Acharya, Viral V. +2 more
openaire +3 more sources
Intergenerational risk sharing [PDF]
Journal of Public Economics, 1988 Abstract In this paper we examine government debt and tax-transfer policies that can be improve the allocation of risk between generations. Markets cannot allocate risk efficiently between two generations whenever the two generations are not both alive prior to the occurence of a stochastic event.
Gordon, Roger H., Varian, Hal R.
openaire +3 more sources
Risk Sharing and Contagion in Networks [PDF]
The Review of Financial Studies, 2014 The aim of this paper is to investigate how the capacity of an economic system to absorb shocks depends on the specific pattern of interconnections established among financial firms. The key trade-off at work is between the risk-sharing gains enjoyed by firms when they become more interconnected and the large-scale costs resulting from an increased ...
Cabrales, Antonio +2 more
openaire +12 more sources
Supply Chain Risk Management: Literature Review
Risks, 2021 The risks associated with global supply chain management has created a discourse among practitioners and academics. This is evident by the business uncertainties growing in supply chain management, which pose threats to the entire network flow and ...
Amulya Gurtu, Jestin Johny
doaj +1 more source
International Trade and Risk Sharing in the Global Rice Market: The Impact of Foreign and Domestic Supply Shocks [PDF]
Asian Development Review, 2016 In the first decade of this millennium, rising food prices returned as a concern for policy makers, especially in developing economies. This paper examines how supply shocks, both domestic and foreign, impacted imports and consumption in the world rice ...
Shikha Jha +2 more
doaj +1 more source
Equity-based financing and risk in Islamic banks: A cross-country analysis
Cogent Economics & Finance, 2023 Equity-based financing (EBF) is an Islamic bank (IB) financing type that promotes justice, spirituality, and Islamic values. However, data shows that IBs still have low EBF.
Hasan Mukhibad +5 more
doaj +1 more source
Optimal risk sharing with background risk [PDF]
Journal of Economic Theory, 2007 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
DANA R. A., SCARSINI, MARCO
openaire +6 more sources