Panit Wattanakoon; Wanissa Suanin - In: Thailand and the world economy 41 (2023) 3, pp. 22-39
devastation may contribute to the economic collapse and increase in sovereign debt. A catastrophe bond (CAT bond) can be utilized … to transfer catastrophe risk to the financial market. This article examines how policymakers can use a CAT bond as an ex … using three potential catastrophe bond packages based on the coverage size of the simulated loss. We find that all packages …