Insuring California earthquakes and the role for catastrophe bonds

dc.contributor.authorPenalva, José S.ca
dc.contributor.otherUniversitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned2017-07-26T12:07:59Z
dc.date.available2017-07-26T12:07:59Z
dc.date.issued2001-01-01
dc.date.modified2017-07-23T02:05:57Z
dc.description.abstractThe 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S. economy in a model with financial markets for insurance derivatives that suggests the U.S. economy can deal with the damage of natural catastrophe far better than one might think.
dc.format.mimetypeapplication/pdfca
dc.identifierhttps://econ-papers.upf.edu/ca/paper.php?id=527
dc.identifier.citationThe Journal of Risk Finance, 3(4), 54-72, 2002
dc.identifier.urihttp://hdl.handle.net/10230/440
dc.language.isoeng
dc.relation.ispartofseriesEconomics and Business Working Papers Series; 527
dc.rightsL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.keywordcatastrophe bonds
dc.subject.keywordeartquake insurance
dc.subject.keywordcalibration
dc.subject.keywordsurvival analysis
dc.subject.keywordFinance and Accounting
dc.titleInsuring California earthquakes and the role for catastrophe bondsca
dc.typeinfo:eu-repo/semantics/workingPaper

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