Systemic risk in the network industries: is there a governance gap?
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This thesis examines how banks choose their optimal capital structure and cash reserves in the presence of regulatory measures. The first chapter, titled Bank Capital Structure and Tail Risk, presents a bank capital structure model in which bank assets a ...
Ever since the links between the development of new technologies and economic growth became evident, researchers have attempted to study how the creation of knowledge fosters progress. If pushing the frontier of knowledge has an impact on progress and well ...
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A democracy is simply a governance system, leading to decisions that should reach the goals of society. So what are those goals? Our collective wellbeing, today and tomorrow, depends on simultaneously satisfying all fundamental human needs and healthy ecos ...
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Some governance functions traditionally performed by humans are increasingly informed and sometimes automatically executed by machine learning algorithms (governance by machine learning) to benefit society. Therefore, it is necessary to think also about th ...
Given the urgency of deploying all possible ways to combat climate change, and in light of lessons learned from the Covid-19 pandemic outbreak that it was a mistake to ignore signals and not prepare for worst-case scenarios, this article suggests that tech ...
The Management is a key element in organizations and is a major component in their success. The aim of this thesis is to study the implementation of an enterprise management by putting forward the human factor. The ISO31000 ”Risk Management” standard and t ...
Stratospheric aerosol injection (SAI), a type of solar radiation modification (SRM), has the potential to reduce global warming caused by excessive greenhouse gases in the atmosphere. However, there is currently widespread opposition to it, because deployi ...
EPFL International Risk Governance Center (IRGC).2021
Transient bioelectronics has grown fast, opening possibilities never thought before. In medicine, transient implantable devices are interesting because they could eliminate the risks related to surgical retrieval and reduce the chronic foreign body reactio ...