vulnerabilities. Further, the paper presents operational issues faced by debt managers, including the need to develop a risk …

. We define the concept of 'Liquidity at Risk', which quantifies the liquidity resources required for a financial … relations between solvency shocks and liquidity shocks. These relations are then used to model liquidity and solvency risk in a …

We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …

financial support to member countries lacks credibility. Some form of fiscal risk sharing is indeed better than none, especially … in presence of increasing sovereign default risk of some EU member countries. The moral hazard created by risk sharing …, depends on its costs. When these are low, risk sharing and delegation are substitutes and it is optimal to opt for high …

. Governments need to develop stronger capacity to monitor and mitigate the risks from SOEs. We present a risk tool to benchmark the …

This paper uses the Growth-at-Risk (GaR) methodology to examine how macrofinancial conditions affect the growth outlook …

We study the growth determinants in the Eastern Caribbean Currency Union (ECCU), using the Growth at Risk (GaR …

Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers … data between 1970 and 2018, we observe that globalization increased the similarity of countries' global climate risk …

This paper builds a framework to quantify the financial stability implications of climate-related transition risk in … retail trade, and transportation sectors appear to be the most important in the transmission of the risk to the banking …