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Managing financial risks due to natural catastrophes

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  • Robert Kast

    ()
    (LAMETA - Laboratoire Montpellierain d'économie théorique et appliquée - CNRS : UMR5474 - INRA : UR1135 - CIHEAM - Université Montpellier I - Montpellier SupAgro, IFP - Institut Français de Pondichéry - Ministère des Affaires étrangères et européennes - CNRS : UMIFRE21)

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    Abstract

    This paper was prepared for the First Journées d'Economie et Econométrie de l'Asssurance, in Rennes, October 22nd and 23rd, 2009. It's a melting pot of several papers that I have written with my co-authors, plus a very short summary of Graciella Chichilnisky enlightening results. But, before proposing partial answers to the problem of modelling catastrophes in such a way as to be able to propose how to manage them, I try and grasp what we mean by catastrophe and what are the main problems, in the introduction.

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    Bibliographic Info

    Paper provided by HAL in its series Working Papers with number hal-00610241.

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    Date of creation: 2011
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    Handle: RePEc:hal:wpaper:hal-00610241

    Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00610241/en/
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    Related research

    Keywords: catastrophe; risk; hedging instruments; cat-bonds; ambiguity; long term;

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