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The articles in this volume are contributed by scholars who are not only experts in areas of Actuarial Science (AS) and Mathematical Finance (MF), but also those who present diverse perspectives from both industry and academia. Topics from multiple areas, such as Stochastic Modeling, Credit Risk, Monte Carlo Simulation, and Pension Valuation, among others, that were maybe thought to be the domain of one type of risk manager, are shown time and again to have deep value to other areas of risk management as well. The articles in this collection, in my opinion, contribute techniques, ideas, and overviews of tools that folks in both AS and MF will find useful and interesting to implement in their work. It is also my hope that this collection will inspire future collaboration between those who seek an interdisciplinary approach to risk management.
Actuarial Science --- Mathematical Finance --- Risk Management
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Water resources systems provide multiple services and, if managed properly, can contribute significantly to social well-being and economic growth. However, extreme or unexpected hydroclimatic conditions, such as droughts and floods, can adversely affect or even completely interrupt these services. This text seeks to provide knowledge, resources and techniques for water resources professionals to manage the risks and opportunities arising from hydroclimatic variability and change. Managing Climate Risk in Water Supply Systems provides materials and tools designed to empower technical professionals to better understand the key issues in water supply systems.
Environmental Sciences --- Water supply --- climate change --- risk management --- environment
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The recent regulatory changes, together with the increasing awareness of the variety of sources of uncertainty that affect the activities of insurance and pension funds, have generated increasing attention towards insurance risk management theory and practice. Against this background, this Special Issue collects relevant contributions on a variety of issues encompassing longevity risk modelling, solvency requirements, risk management, and risk sharing. This collection of papers provides insights, from both a theoretical and a practical perspective, into the modeling and management of actuarial and financial risks for institutions and households.
longevity risk --- risk management --- solvency --- risk capital --- actuarial mathematics --- pension plans.
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This book presents a variety of different themes related to risks and risk management. The book consists of research papers aimed at supplementing and updating the topics discussed previously in risk management literature. The articles cover the key concepts and essence of risk and risk management, basic issues of security construction, risk awareness in corporate decision-making, reputation risk and its impact on business operations, social risks, their significance and the dimensions of social risk management. The last article presents the freely available RiskDemo software, which allows the reader to test and illustrate a wide range of risk features. The book aims to respond to the recent changes in the risk management environment as well as to stimulate academic debate on the subject.
decision-making --- social policy --- risk factors --- enterprises --- management --- reputation --- disadvantages --- risk management --- risks
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"Why is uncertainty so important to politics today? To explore the underlying reasons, issues and challenges, this book’s chapters address finance and banking, insurance, technology regulation and critical infrastructures, as well as climate change, infectious disease responses, natural disasters, migration, crime and security and spirituality and religion. The book argues that uncertainties must be understood as complex constructions of knowledge, materiality, experience, embodiment and practice. Examining in particular how uncertainties are experienced in contexts of marginalisation and precarity, this book shows how sustainability and development are not just technical issues, but depend on deeply political values and choices. What burgeoning uncertainties require lies less in escalating efforts at control, but more in a new – more collective, mutualistic and convivial – politics of responsibility and care. If hopes of much-needed progressive transformation are to be realised, then currently-blinkered understandings of uncertainty need to be met with renewed democratic struggle. Written in an accessible style and illustrated by multiple case studies from across the world, this book will appeal to a wide cross-disciplinary audience in fields ranging from economics to law to science studies to sociology to anthropology and geography, as well as professionals working in risk management, disaster risk reduction, emergencies and wider public policy fields."
politics --- finance --- banking --- insurance --- technology --- climate change --- natural disasters --- disease --- migration --- crime and security --- spirituality --- religion --- risk management
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Extreme sea levels can lead to hazardous events, such as coastal flooding, erosion, or salt water intrusion, with-wide ranging environmental, societal, and economic consequences. In combination with climate-driven sea-level rise, and, potentially, additional changes in storminess, dynamic wave contributions, and tidal dynamics, the adverse consequences of extreme oceanographic events are expected to escalate in many regions. Integrated coastal zone impact assessments can guide the decisions on the adaptive responses to these changes in the physical environment and for the socioeconomic development of the local communities.
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Consumers trust is a key factor in dealing with rising concerns about food safety and food quality, but only few studies have dealt with consumer attitudes and none of them has tried to model the process of consumer response. This book reports the main findings of an european project aimed at analysing trust along the food chain and its relationship with food risk communication. The papers collected investigate the mechanisms that determine the social diffusion of trust, examining the interplay of the psychological, sociological and economic factors; and analyze the impact of the food risk communication policies on consumers and producers and on the society as a whole.
economics --- sociology --- unione europea --- alimentazione --- sociologia --- atti di convegno --- european union --- proceedings --- nutrition --- economia --- Bovine spongiform encephalopathy --- Chicken --- Food chain --- Food safety --- France --- Germany --- Italy --- Netherlands --- Risk management --- Risk perception
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Alternative assets such as fine art, wine, or diamonds have become popular investment vehicles in the aftermath of the global financial crisis. Correlation with classical financial markets is typically low, such that diversification benefits arise for portfolio allocation and risk management. Cryptocurrencies share many alternative asset features, but are hampered by high volatility, sluggish commercial acceptance, and regulatory uncertainties. This collection of papers addresses alternative assets and cryptocurrencies from economic, financial, statistical, and technical points of view. It gives an overview of their current state and explores their properties and prospects using innovative approaches and methodologies.
Baltic dry index --- Bitcoin volatility --- digital currency --- GARCH-MIDAS --- pro-cyclical volatility --- volume --- Bitcoin --- gold --- GARCH --- portfolio modelling --- risk management --- Bitcoin --- cryptocurrency --- Hashrate --- initial coin offering --- blockchain --- venture capital --- crowdfunding --- geometric distribution --- collatz conjecture --- inflation propensity --- systemic risk --- cryptocurrency --- blockchain --- proof-of-work --- cryptocurrency --- metric learning --- classification framework --- time series --- trend prediction --- limit order book --- cryptocurrency --- stylized fact --- high-frequency finance --- liquidity costs --- transaction costs --- statistical arbitrage --- cryptocurrencies --- machine learning --- bitcoin --- realized volatility --- HAR --- high frequency --- cryptocurrencies --- speculative bubbles --- sentiment --- smooth transition --- diamond stocks --- diamond prices --- investment asset --- capital asset pricing model
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Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.
policy uncertainty --- money demand --- the U.S.A., asymmetry --- nonlinear ARDL --- monetary policy --- cash flow --- investment --- GMM --- China --- Special Drawing Rights (SDRs) --- international monetary system --- RMB internationalization --- Belt and Road Initiative --- risk management --- Grondona system --- currency convertibility --- commodity price stabilisation --- currency crisis --- economic institutions --- currency --- monetary plurality --- Argentina --- cointegration --- exchange rate disconnect puzzle --- macroeconomic fundamentals --- emerging market economies --- NARDL --- trade balance --- exchange rates --- currency pegs --- banking crises --- China --- Special Drawing Right --- international monetary system --- reserve currency --- RMB internationalization --- mortgage crisis --- default swap --- derivative --- Asian crisis --- LIBOR
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The quality of drinking water is paramount for public health. Despite important improvements in the last decades, access to safe drinking water is not universal. The World Health Organization estimates that almost 10% of the population in the world do not have access to improved drinking water sources. Among other diseases, waterborne infections cause diarrhea, which kills nearly one million people every year, mostly children under 5 years of age. On the other hand, chemical pollution is a concern in high-income countries and an increasing problem in low- and middle-income countries. Exposure to chemicals in drinking water may lead to a range of chronic non-communicable diseases (e.g., cancer, cardiovascular disease), adverse reproductive outcomes, and effects on children’s health (e.g., neurodevelopment), among other health effects. Although drinking water quality is regulated and monitored in many countries, increasing knowledge leads to the need for reviewing standards and guidelines on a nearly permanent basis, both for regulated and newly identified contaminants. Drinking water standards are mostly based on animal toxicity data, and more robust epidemiologic studies with accurate exposure assessment are needed. The current risk assessment paradigm dealing mostly with one-by-one chemicals dismisses the potential synergisms or interactions from exposures to mixtures of contaminants, particularly at the low-exposure range. Thus, evidence is needed on exposure and health effects of mixtures of contaminants in drinking water. Finally, water stress and water quality problems are expected to increase in the coming years due to climate change and increasing water demand by population growth, and new evidence is needed to design appropriate adaptation policies.This Special Issue of International Journal of Environmental Research and Public Health (IJERPH) focuses on the current state of knowledge on the links between drinking water quality and human health.
Vibrio pathogens --- rural water resources --- public health --- sub-Saharan Africa --- diarrhoeal disease --- HWTS implementation --- water and sanitation --- drinking water guidance --- infant exposure --- chemical risk assessment --- duration extrapolation --- acute gastroenteritis --- risk --- tap water --- time series study --- turbidity --- urban area --- water operation data --- THMs --- cancer --- effect measure modification --- drinking water --- drinking water --- exposure assessment --- sodium --- potassium --- magnesium --- calcium --- spatial variations --- Denmark --- water safety plans --- drinking water quality --- risk management --- impact assessment --- Asia-Pacific region --- diarrhea --- fever --- cough --- Nigeria --- infant health --- drinking water --- inorganic manganese --- health-based guideline --- infants --- pharmaceuticals --- human health --- environment --- drug labels --- screening method --- LTD --- uncertainty factors --- risk assessment --- risk context --- biomonitoring --- dental health --- drinking water --- fluoride --- pharmacokinetic modeling --- waterborne disease outbreak --- simulation study --- health insurance data --- space–time detection --- drinking water --- nitrate --- cancer --- adverse reproductive outcomes --- methemoglobinemia --- thyroid disease --- endogenous nitrosation --- N-nitroso compounds --- E. coli --- monitoring --- drinking water --- water safety plan --- sanitary inspection --- gravity-fed piped water scheme --- risk management --- chlorination by-product --- France --- environmental exposure --- organic matter --- tap water --- trihalomethanes --- private wells --- groundwater --- drinking water --- animal feeding operation --- fecal coliforms --- enterococci --- E. coli --- Maryland --- nitrite --- disinfection by-product --- drinking water distribution systems --- seasonality --- atrazine --- community water system --- low birth weight --- preterm birth --- small for gestational age --- water contamination --- endocrine disruptor --- drinking water --- radioactivity --- annual effective dose --- carcinogenic --- chronic kidney disease --- end-stage renal disease --- water contaminants --- zinc --- ammonia --- chemical oxygen demand --- dissolved oxygen --- arsenic
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