the end of the Third UN World Conference on Disaster Risk Reduction (WCDRR, March 14 - 18, 2015). We review and discuss …In March 2015, a new international blueprint for disaster risk reduction (DRR) has been adopted in Sendai, Japan, at …

optimal policy balance in the context of catastrophic climate risk. The analysis uses the WITCH integrated assessment model … with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a … certain threshold. We find that the risk of a catastrophic outcome would encourage countries to reduce emissions even in the …

Models (IAMs), which assumes no risk sharing across region, we introduce global risk sharing via a market for state …-dependent Arrow-Debreu securities. We show that this allows equalizing relative consumption differences between states of the world … across regions. We estimate that such risk sharing scheme of climate risks could lead to welfare gains reducing the global …

, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …

impact. We combine a new dataset on disaster risk management governance for 26 countries from the Latin America and Caribbean … disaster risk management (DRM) governance processes, we exploit the fact that changes in DRM regulatory frameworks affect a …. We find that disasters cause substantial economic losses and that a more robust governance for disaster risk resilience …

risk measures for portfolios with infrequently traded securities have not been explored in the literature. We propose a … methodology to calculate market risk measures based on the Kalman filter which can be used on incomplete datasets. We implement … applied to other markets with thinly traded securities. Our methodology provides reliable market risk measures in portfolios …