Financial risk management is difficult at the best of times, but especially so in the presence of economic uncertainty … and financial crises. The purpose of this special issue on "Advances in Financial Risk Management and Economic Policy … methods have contributed significantly to the analysis of financial risk management when there is economic uncertainty …

Risk estimation or volatility estimation at financial markets, particularly stock exchange markets, is complex issue of … pricing of stocks and better risk management. The aim of this research is to test applicability of simple models like Simple … Moving Average (SMA) and Exponentially Weighted Moving Average (EWMA) to estimate risk. The performance of SMA and EWMA with …

This paper analyzes the impact of US firms’ equity risk on bank lending standards and on the macroeconomy for two … groups: small and medium-large firms. The results indicate that a higher level of firm risk leads to a higher percentage of …-large firms. The finding provides support for the Risk Management Hypothesis, under which banks decrease lending to risky …

We develop measures of certain kinds of liquidity trading risk that is useful for completing the definition of market … risk and for predicting liquidity-adjusted VaR (L-VaR) under illiquid market conditions. We argue that asset liquidity risk … computation of a credible risk-capital allocations in financial trading units …

I study optimal financial contracting when neither cash flows nor the risk profile of project choices are verifiable … have an excessive risk-taking incentive; in fact, my model predicts that the firm may choose an excessively safe risk … structure, the asset-substitution problem leads to a more efficient risk-profile choice …

between risk and uncertainty is implemented by applying the Gilboa-Schmeidler (1989) maxmin with multiple priors framework to …

Risk represents a significant part of humans' interaction and has to be considered in various decision-making processes … inappropriate decision-making processes and inadequate risk management practices which may negatively influence firms' performances … derived framework by benchmarking it against more manual risk identification techniques and other clustering approaches …