The paper deals firstly with the assessment of nonfinancial firm’s risk exposure which has been deeply affected in the last two decades by the trend of market globalization and increased competition. In this new scenario we can note the weakening of the traditional separation between risks...

While it has long been demonstrated (Rosenzweig and Binswanger, 1993; Banerjee and Newman, 1994) that considerations of risk and uncertainty are key to understand the dynamics leading to and perpetuating poverty, it is only recently that policy makers have taken a more active interest in trying to...