This review article tries to answer four questions: (i) what are the stylized facts about uncertainty over time; (ii …) why does uncertainty vary; (iii) do fluctuations in uncertainty matter; and (iv) did higher uncertainty worsen the Great … Recession of 2007-2009? On the first question both macro and micro uncertainty appears to rise sharply in recessions. On the …

This paper evaluates the model risk of models used for forecasting systemic and market risk. Model risk, which is the … potential for different models to provide inconsistent outcomes, is shown to be increasing with and caused by market uncertainty …. During calm periods, the underlying risk forecast models produce similar risk readings, hence, model risk is typically …

. Normative decisions of the legislator sanction safe harbours as modern markets could not exist without these high levels of …

socio-economic factors likely to enhance or reduce zoonotic risk, and identifies why improved understanding requires an … recommend that interdisciplinary work on zoonotic risk should be able to account for the complexity of risk environments, rather … than simple linear causal relations between risk drivers and disease emergence and/or spread. Further, we recommend that …

The influence of external organizations and pressures on business risk management practices has hitherto been examined … the influence of the law in social and economic life. We know that the sources of regulation and risk management are … regulatory actors have of the different external pressures on business risk management through an empirical study of the …

Aimed at energy organizations adapting to the competitive demands associated with liberalization, transaction and risk … management software “A-Trade” was part of the shift from a traditional engineer-led culture of risk cognition to market …-oriented financial risk management. The story of A-Trade illustrates the progress of risk industries, the development of encounters …

. Risk management is valuable as it reduces the costs of raising external financing, increases debt capacity, lessens … leads to inefficient excessive continuation if used without coverage limits. When insurance against an operational risk is …