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 …

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 …

paper reviews the micro-level evidence of disaster impacts on the livelihoods of the poorest households. The evidence …

pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …

paper reviews the micro-level evidence of disaster impacts on the livelihoods of the poorest households. The evidence …