correlation puzzle reflects an inability to account for production risk sharing among countries in previous studies. The degree of … provides new evidence for the international consumption-output puzzle and risk sharing among countries. Efficient risk sharing … international risk sharing is substantial relative to earlier estimates, which is largely realized from pooling production risks …

This study examines the risks associated with adoption of biotech crops and discusses their implications for risk … management at the farm level. We develop an analytical risk evaluation matrix framework to illustrate changes in production and … marketing risks of biotech and non-biotech crops. Price uncertainty generated by consumer concerns is the major risk facing …

Unpredictable rainfall is an important risk for agricultural activity, and farmers in developing countries often … receive incomplete insurance from informal risk-sharing networks. The demand for, and effects of, offering formal index …-based rainfall insurance is studied through a randomized experiment in an environment where the informal risk sharing network can be …

financial institutions, and lower transaction costs through economies of scale. Greater diversification, risk management, and … risk within the region. …

This paper tests whether hedging currency risk improves the performance of international stock portfolios. We use a …

, this paper argues that macro-prudential regulation is necessary to address the systemic risk inherent to ratings. The paper … and increased illiquidity. The paper suggests the use of "ratings maps" and stress-tests to assess the systemic risk of … ratings, and increased capital or liquidity buffers to manage such risk. …