This compact but comprehensive exposé of the best international practical experience in catastrophe risk management at the country level outlines the key challenges involved in building national catastrophe insurance schemes. Clearly illustrates how countries exposed to natural disasters can...

The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...