This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …

Weather is a key source of income risk, particularly in emerging market economies. This paper uses a randomized …-return but higher-risk cash crops. Our results support the view that financial innovation can mitigate the real effects of … uninsured production risk. Addressing the puzzle of low adoption, we show that payouts improve trust in the product and that …

the term structure of equity risk premiums. Within this approach, this paper identifies the parameter restrictions that … multiple observable-factor and market prices of risk specifications, and considers alternative samples for parameter estimation …. However, the decomposition of nominal U.S. Treasury yields, but not long-run equity risk premiums, is sensitive to data beyond …