Härdle, Wolfgang; Cabrera, Brenda López - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2007
. This paper examines the calibration of a real parametric CAT bond for earthquakes that was sponsored by the Mexican … government. The calibration of the CAT bond is based on the estimation of the intensity rate that describes the earthquake … demonstrate that, under specific conditions, the financial strategy of the government, a mix of reinsurance and CAT bond, is …