Using the philosophies of Louis Althusser and István Mészáros, this article seeks to interpret Marx's theory of the transformation of value into price based on a philosophical view that emphasizes both the base/superstructure dialectic (Althusser) and alienation under capitalism (Mészáros)....

This paper explores the financial stability implications of acute physical climate change risks using a novel approach focusing on a severe season associated with a series of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican financial...

This study investigates the simplicity and adequacy of tail-based risk measures-valueat-risk (VaR) and expected shortfall (ES)-when applied to tail targeting of the extreme value (EV) model. We implement Lévy-VaR and ES risk measures as full density-based alternatives to the generalized Pareto...