Natural catastrophic risks, encompassing hazards such as Near-Earth Object (NEO) impacts and large-magnitude eruptions, have threatened the continued flourishing of humanity since its origins, with the geological record providing us with a unique window to understand their impacts. The...

We investigate the effects of extreme weather events on voicing political opposition against authoritarian regimes. We use the Brazilian general elections of 1982 as a case study. At the time, Brazil was under a military dictatorship that promoted local and gubernatorial elections to validate...

Small islands face many vulnerabilities brought about by natural and anthropogenic causes. These exposures pose potential community losses triggered by disruption in their economic activities. Island system economies are always affected by natural disasters that gives an adverse impact to the...

This research provides evidence on the relationship between catastrophe (Cat) bonds and reinsurance demand for insurers. Cat bonds substitute for traditional reinsurance demand in the hard reinsurance market, but not in the soft market. When decomposing the total reinsurance demand into internal...

We develop an additive Cox proportional hazard model with time-varying covariates, including spatio-temporal characteristics of weather events, to study the impact of weather extremes (heavy rains and tropical cyclones) on the probability of mortgage default and prepayment. We estimate the model...

Using a new financial product (Credit Risk Transfers, CRTs) we study how markets would price hurricane risk in U.S. mortgages absent intervention from the government-sponsored enterprises (GSEs). We hand-collect a novel and detailed database to exploit CRTs' heterogeneous exposure to Hurricanes...

In January 2010 the 7.0-magnitude earthquake in Haiti, many groups and agencies have scaled back their operations, continues to meet people’s needs. There were about 380,8000 orphaned children in Haiti before the earthquake. The Caribbean island, which has a population of about 10 million, may...

On April 20, 2010, British Petroleum’s Deepwater Horizon drilling rig in the Gulf of Mexico exploded, killing eleven people and spilling billions of gallons of oil into the gulf. In the days and weeks that followed, the media pointed to the Minerals Management Services (MMS), the regulatory...

In this paper an earnest attempt is made to address the problems involved in using science and technology to reduce the disaster risk in developing countries, particularly India. The intact the study has, confined to focus on natural calamities and, divided into three sections where the first...

We provide, for the first time, comparative evidence of the impact of various types of extreme events - natural disasters, terrorism, and violent conflicts - on the perceptions of entrepreneurs concerning some key entrepreneurial issues - such as fear of failure in starting a business venture,...