The breakdown of the financial markets in fall 2007 and the following debt crisis in the EU has produced an enormous mistrust in financial products and the monetary system. The paper describes the background of the crisis induced by functional failures in risk management and the multifold...

Understanding the attitude to risk implicit within a risk measure sheds some light on the way in which decision makers perceive losses. In this paper, a two-stage strategy is developed to characterize the underlying risk attitude involved in a risk evaluation, when executed by the family of...

Tillage farmers must manage numerous economic risks including uncertain yields and prices. Despite the presence of government subsidies, these factors can generate a relatively high variability in farm income. The improved management of farm income variability can contribute towards stability in...

Using a moment based approach, introduced by Antle for producers’ risk behavior elicitation, we develop an empirical model to evaluate the implication of risk preferences on farm level diversification. For the purpose, we use a household level panel data of years 2004 and 2009 from Ethiopia....

The study has the following objective:The analysis of SME behaviour in the management of the risk, of the risk appetite, as factor of impact on the process of planning and performance of the internal audit within the context of internationalization of the Romanian accounting and of harmonization...

Considering organic production as a system of specific breeding or production of plants and animals, plant or animal products, processing and marketing, the paper discusses risk management in organic farming as a major task in sector development and management on different levels. The questions...

In the context of macroeconomic uncertainty problems existing on international markets, expanding the banking system leads to amplification interferences of a broad spectrum of risks. This article delineates the recent area of researches interest in the domain of credit risk management in banking.

Of the major shortcomings exposed during the 2008 global financial crisis, there are two aspects that have attracted much interest among academics: the under-appreciation of the complexity of new operations at large financial institutions and the inadequate oversight of basic prudential...

Since the first OECD country published its national adaptation strategy in 2005, there has been a marked increase in national planning for climate change adaptation. This paper provides an overview of national adaptation planning activity across OECD countries and identifies some of the emerging...

In this paper we estimated pair copula constructions (PCC) for three sets of markets: developed, Latin emerging and Asia-Pacific emerging. To that, we used daily prices from January 2003 to November 2011, totaling 1872 observations. After, we estimated the lower and upper tail dependence for...