Die Hochwasserkatastrophe an Elbe und Mulde im Herbst 2002 hat es schlagartig ins allgemeine Bewusstsein gebracht: Selbst in unserer hoch entwickelten, modernen Dienstleistungsgesellschaft sind katastrophenaffine Risiken vorhanden, die ganz erhebliche räumliche Dimensionen besitzen und für die...

We examine how banks respond to large natural disasters when corporate borrowers are located in the neighborhood of the disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the neighborhood of the disaster area than for remote firms. The...

Chapter 1: Theorising Risk Economics -- Chapter 2: Economics of risk-sharing -- Chapter 3: Risk and economic governance -- Chapter 4: Disaster Economics -- Chapter 5: Climate Risk Economics -- Chapter 6: Concluding Observation.