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Opinnäytetyön mallipohja
Opinnäytetyön mallipohja

... following a major disruption whilst another source, Insurance Information Institute, USA, demonstrates that 40% of businesses affected by a natural or man-made disaster never reopen. (City of New York 2016) In simple words, business continuity can be described as managing the unmanageable. As per AT ...
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... time-variation in equity premia cannot be accounted for in standard asset pricing models (Breeden (1979) and Lucas (1978)). This paper explores whether changes in the value of the housing stock can account for the timing and magnitude of these changes in equity markets. To explore this question, we ...
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... rationed” farmers who voluntarily withdraw from the credit market because the terms of the best available contract in the second best world imply excessive risk. These farmers, with a relatively high collateral wealth to liquidity ratio “choose” to undertake low return projects even though they cou ...
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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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