real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …

their risk assessments and outcomes to those from a simple methodology that relies on publicly available market data and … market data; (iii) This discrepancy arises due to the reliance on regulatory risk weights in determining required levels of … capital once stress-test losses are taken into account. In particular, the continued reliance on regulatory risk weights in …

Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and …

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … they are affected by domestic and global risk shocks, and apply this framework to 10 OECD economies. These examples …, including a more detailed assessment for the UK, show that a substantial degree of international risk sharing can occur through …

-averse entrepreneurs discount using a 'hurdle rate' that exceeds the risk-free interest rate. The gap between the two rates increases with …