argue that the risk-free rate should be used for discounting when assessing and comparing the cost of energy across … efficiency when applied to photovoltaics. The importance of device efficiency is re-established under the treatment of the …

argue that the risk-free rate should be used for discounting when assessing and comparing the cost of energy across … efficiency when applied to photovoltaics. The importance of device efficiency is re-established under the treatment of the …

markets, the available tools for credit risk management with a special focus on clearing, CDS, the hedging and pricing of …

within the well-known “Risk Triangle” is extinguished but that real production decisions are affected negatively as well. We … at risk for a prototypical power producer and illustrate which type of model is required to determine the size of the …

financial systemic risk …

The paper studies risk mitigation associated with capital regulation, in a context when banks may choose tail risk … assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited … liability. When capital raising is costly, poorly capitalized banks may limit risk to avoid breaching the minimal capital ratio …

Risk transfers represent a preferred method for removing pension liabilities from corporate balance sheet. We examine … the role of institutional shareholders on firm’s decision to offload pension liabilities to professional risk managers. We … find that the likelihood of pension risk transfers is higher for firms with higher level of institutional ownership and …