IDEAS home Printed from
   My bibliography  Save this article

Characteristics Of Risk In Extreme Events


  • Stelian STANCU

    () (Academy of Economic Studied, Bucharest)

  • Ion Gh. ROSCA

    () (Academy of Economic Studied, Bucharest)

  • Gabriela PRELIPCEAN

    () (“Stefan cel Mare” University,Suceava)

  • Mariana LUPAN

    () (“Stefan cel Mare” University,Suceava)


It is known that the environment and the human society often support the actions of some dangerous phenomena of different origins,natural or anthropogenic, that may cause destructive and brutal disturbances in some systems or default situations. In the following, some natural catastrophic events observed nowadays and their overall costs are presented. In the second part of the paper hazards and their risks assessment are described and also we emphasize the types of hazard, their effects and their associated risk assessment.The third part of the paper presents a study of portfolio risk using GARCH models (1.1), considering the daily returns of RASDAQ-C and BET indexes and the RON/EURO exchange rate, and also an analysis of the achieved results will be considered.

Suggested Citation

  • Stelian STANCU & Ion Gh. ROSCA & Gabriela PRELIPCEAN & Mariana LUPAN, 2011. "Characteristics Of Risk In Extreme Events," Romanian Journal of Economics, Institute of National Economy, vol. 33(2(bis)(42), pages 16-29, December.
  • Handle: RePEc:ine:journl:v:2(bis):y:2011:i:42:p:16-29

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    natural hazard; vulnerability; risk assessment; economic effects; social effects; environmental effects;

    JEL classification:

    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other
    • P28 - Economic Systems - - Socialist Systems and Transition Economies - - - Natural Resources; Environment


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ine:journl:v:2(bis):y:2011:i:42:p:16-29. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentina Vasile). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.