This joint OECD and ADB report on Leveraging Technology and Innovation for Disaster Risk Management and Financing examines how emerging technologies and innovation can improve the management of disaster and climate risks and the availability and affordability of financial protection tools.

Three processes reflecting persistence of volatility are initially formulated by evaluating three Lévy processes at a time change given by the integral of a mean-reverting square root process. The model for the mean-reverting time change is then generalized to include non-Gaussian models that...

This paper examines seasoned equity offerings in France. Even though a rights offering is the primary flotation method, French companies are increasingly using the relatively expensive public offering method. We show that the market reaction to the announcement of seasoned equity issues is...