Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are … changing over to active risk control. But, if risk management is no longer a simple "game against natureʺ, if all agents … involved are active players then a shift from a non-strategic model setting (measuring event risk stochastically) to a more …

resilience as indicated by its high-risk exposure and vulnerability. The objective of this paper is to point to policymakers the …. Policymakers should be aware and conversant about risk analysis, risk management, and what policies can best respond to exogenous …

investors carry power market risks, in particular the power price risk. At the same time however, under the current financial … endanger further deployment and the achievement of renewable targets with it. Against this background we take a risk … perspective to assess the past and upcoming EEG reforms, with the aim of developing a proposal to gradually shift risk towards RE …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

's desire to tilt, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the …

business risk. Business risk is measured as variability in revenue, customer base, informal payments, and temporary firm … closure. The results show lower levels of business risk among certified firms, especially for firms in the middle deciles of … the risk distribution. Certification also correlates negatively with risk-reduction for technologically advanced firms, as …