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Calibrating CAT bonds for Mexican earthquakes
Härdle, Wolfgang (contributor);  … - 2007
the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … government. The calibration of the CAT bond is based on the estimation of the intensity rate that describes the earthquake … process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results …
Persistent link: https://www.econbiz.de/10003633993
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Calibrating CAT bonds for Mexican earthquakes
Härdle, Wolfgang; López Cabrera, Brenda - In: The journal of risk and insurance : the journal of the … 77 (2010) 3, pp. 625-650
Persistent link: https://www.econbiz.de/10008650404
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Dynamics of Tokyo Electric Power Company and the Nikkei : 1985 to 2016 including the Fukushima disaster
Rey, Serge; Nivoix, Sophie - In: Journal of economic integration 33 (2018) 1, pp. 979-1010
Persistent link: https://www.econbiz.de/10011903552
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Do markets love misery? : stock prices and corporate philanthropic disaster response
Muller, Alan (contributor); Kräussl, Roman (contributor) - 2007
While companies have emerged as very proactive donors in the wake of recent major disasters like Hurricane Katrina, it remains unclear whether that corporate generosity generates benefits to firms themselves. The literature on strategic philanthropy suggests that such philanthropic behavior may...
Persistent link: https://www.econbiz.de/10003750045
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The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience
Hallegatte, S. - 2017
The welfare impact of a disaster does not depend only on the physical characteristics of the event or its direct … reduce direct impacts (disaster risk reduction actions) and measures to reduce indirect impacts (resilience building actions) …
Persistent link: https://www.econbiz.de/10012971466
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Do Banks Overreact to Disaster Risk?
Huang, Qianqian; Jiang, Feng; Xuan, Yuhai; Yuan, Tao - 2021
disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the … neighborhood of the disaster area than for remote firms. The results are not driven by regional spillovers, limited credit supply … their clients’ natural disaster risk …
Persistent link: https://www.econbiz.de/10013220674
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The Indirect Cost of Natural Disasters and an Economic Definition of Macroeconomic Resilience
Hallegatte, Stéphane - 2015
The welfare impact of a disaster does not depend only on the physical characteristics of the event or its direct … reduce direct impacts (disaster risk reduction actions) and measures to reduce indirect impacts (resilience building actions) …
Persistent link: https://www.econbiz.de/10012245986
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Natural disasters, stock price volatility in the property-liability insurance market and sustainability : an unexplored link
Montero, José-María; Naimy, Viviane; Farraj, Nermeen Abi - In: Socio-economic planning sciences : the international … 91 (2024), pp. 1-20
Persistent link: https://www.econbiz.de/10014528750
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Persistent crises and levered asset prices
Kuehn, Lars-Alexander; Schreindorfer, David; Schulz, Florian - In: The review of financial studies 36 (2023) 6, pp. 2571-2616
Persistent link: https://www.econbiz.de/10014320692
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Pricing Climate Change Risks : CAPM with Rare Disasters and Stochastic Probabilities
Karydas, Christos; Xepapadeas, Anastasios - 2019
There are concerns that climate-related physical and political risks are not yet properly reflected in asset prices. To address these concerns, we develop a dynamic asset pricing framework with rare disasters related to climate change. The novelty of this paper lies in linking carbon emissions...
Persistent link: https://www.econbiz.de/10014108526