is a new risk factor for enterprises taking part in this system. In this paper, we analyze how risk emerging from … loss account accounting for uncertainties and dependencies. Consequently, this model provides a basis for risk assessment …

We propose a measure for systemic risk: CoVaR, the value at risk (VaR) of financial institutions conditional on other … institutions being in distress. We define an institution's (marginal) contribution to systemic risk as the difference between CoVaR … systemic risk contribution. We argue for macro-prudential regulation based on the degree to which such characteristics forecast …

We study the implications of the value at risk concept for the bank's optimum amount of equity capital under credit … risk. The market value of loans is risky and lognormally distributed. We show that the required equity capital depends upon …

to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk …

can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …

, smooth and stabilize consumption as well as minimize portfolio risk. In this context we also show how the correlation between …

Research on risk communication relates basic risk perception studies to the formulation of policies, the currently … evolving legislation dealing with hazards, the key issues of public involvement, the risk and environmental management. Risk … communication is a relatively new field based on a sociological approach. The discipline comes from risk perception studies …

insurers' risk management. Because mandated uniform contributions to health insurance trigger risk selection efforts risk … indicator of high risk (Beck et al. [2006]). Applying the new formula to an individual Swiss health insurer, its payments into … implement Managed Care, resulting in low rates of hospitalization. The predicted risk management response is to extend hospital …

A strategically minded CFO will realize that strategic corporate risk management is about finding the right balance … between risk prevention and proactive value generation. Efficient risk and performance management requires adequate assessment … of risk and risk exposures on the one hand and performance on the other. Properly designed, a risk measure should provide …