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Impacts of a Changing Climate on Economic Damages and Insurance Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - Weather and climate extremes cause huge economic damages and harm many lives each year (?35000/year). There is evidence that …

Reducing the risk from rapid demographic change Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - The world is entering a period in which the West’s postwar social welfare system is under growing threat as the global demographic structure …

Retirement planning in the light of changing demographics Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 With increasing longevity and decreasing fertility rates, governments and policy makers are increasingly engaged in the question of long term …

Greener Pastures: Resetting the Age of Eligibility for Social Security Based on Actuarial Science Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Due to low fertility rates, rising life expectancies and the aging of the baby boom, Canada’s Old Age …

Demographic Risk And Social Sustainability Of The Pension System Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - In the framework of this study, we have obtained a mathematical model for maintaining the financial sustainability of PAYG …

Mind the Gap: Disentangling Credit and Liquidity in Risk Spreads Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - Euro-area sovereign bond and interbank interest rate spreads rose by more than an order of magnitude in the 2007-2009 …

Modelling the liquidity premium on corporate bonds Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - The liquidity premium on corporate bonds has been high on the agenda of Solvency regulators owing to its potential relationship to an …

Credit Risk in the Euro Area Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - We construct credit risk indicators for euro area banks and non?financial corporations. These indicators reveal that the financial crisis of 2008 dramatically …

The Myth of the Credit Spread Puzzle Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 Abstract - We ask whether a standard structural model (Black and Cox (1976)) is able to explain credit spreads on corporate bonds and, in contrast to much of the …

Equity Risk Premiums (ERP): Determinants, Estimation and Implications - A Post-Crisis Update Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 This paper looks at the economic determinants of equity risk premiums, including investor risk aversion, …

The Equity Risk Premium: Empirical Evidence from Emerging Markets Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 The purpose of this paper is to show that differences in the ERP between developed and emerging markets lead to many empirical asset …

Corporate Governance and Equity Risk Submitted by TheSecretariat on Fri, 17/05/2019 - 10:50 This paper studies the influence of corporate governance on equity risk Equity Risk equity risk Corporate Governance Regression Discontinuity Design Implied …