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The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...
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need for better understanding of disaster impact on supply chains but very few publications address this issue. This … exploratory study takes an indirect approach and investigates disaster impact on firms in various industry sectors. This approach … allows us to take full advantage of large secondary data bases of firm and disaster data in order to analyze the impact of …
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to focus on key elements of a disaster reduction strategy. Countries that were prone to natural disasters in the decade … avert deaths through more resources for disaster prevention and mitigation capabilities. A combination of the two – learning … from past experience and more resources for disaster prevention and mitigation – would result in a massive reduction in …
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International and national disaster governance faces multiple challenges given the large variety and amounts of … resources, skills and expertise that adequate disaster response commands. Moreover, disasters do not necessarily respect … even global effort to be overcome. Not seldom, reducing disaster risks and responding to disasters as they occur requires a …
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This paper examines whether rare disaster can predict stock returns. We construct an aggregate rare disaster index by … imposing the partial least square (PLS) approach on six news-implied rare disaster proxies of Manela and Moreira (2017). Our … disaster measure strongly predicts monthly excess returns on both developed and emerging stock markets in-sample and out …
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This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instruments available to … governments for funding disaster losses. The framework can be used by governments to help choose between different financial … disaster losses, taking into account the risk of disasters, economic conditions, and political constraints. The paper discusses …
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