the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … process from the two sides of the contract, the reinsurance and the capital markets, and from the historical data. The results … demonstrate that, under specific conditions, the financial strategy of the government, a mix of reinsurance and CAT bond, is …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …. We assume that the certificate price is determined by the expected marginal CO2 abatement costs prevailing at the current …

significance of the topic to investors and market regulators, there is a controversy over what risk factors should be used to price …Measuring risk in the stock market context is one of the key challenges of modern finance. Despite of the substantial … the assets or to determine the cost of capital. We empirically investigate the ability of several commonly proposed risk …

It is widely recognized that ?market failure? prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public … premium rate in both high and low risk regions and the existence of a state reinsurer. We show that in our model, risk …

involves two production sectors. One sector is financed by issuing bonds to risk-averse households. Firms in the other sector … positive. Next, we show that a judicious combination of deposit insurance and reinsurance eliminates all non …

Formulating a model which summarises transportation costs, uncertainty and price, we describe how a switch to ICT …