title: Economic Risks in the Development of Russia’s Southern Macroregion Amid Foreign Economic Sanctions
abstract: Traditional risk management in stock markets distinguishes between systematic and idiosyncratic risks, whereas regional economic risk is often assessed in aggregate. This study aims to analyse regional economic risk by distinguishing between systematic and idiosyncratic components to evaluate their impact on the stability of development in a constituent entity of the Russian Federation. The study employs statistical analysis using a modified CAPM model adapted for regional economies and content 
journal: Economy of Regions