idiosyncratic risk can be removed through some device of aggregation or diversification when such risk is explicitly introduced into …

riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …

We present a monthly indicator of geopolitical risk based on a tally of newspaper articles covering geopolitical … tensions, and examine its evolution and effects since 1985. The geopolitical risk (GPR) index spikes around the Gulf War, after … geopolitical risk leads to a decline in real activity, lower stock returns, and movements in capital flows away from emerging …

strategy runs the risk of becoming a statistical artefact with little relevance to the welfare of the poor. This paper begins …

characteristics of China into consideration, which turns out to be aptly reflecting historical risk events. Based on the constructed …