| 来源类型 | Article |
| 规范类型 | 其他 |
| The role of financial instruments in integrated catastrophic flood management. | |
| Ermolieva T; Ermoliev Y; Fischer G; Galambos I | |
| 发表日期 | 2003 |
| 出处 | Multinational Finance Journal 7 (3 & 4): 207-230. |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The main goal of this paper is to develop a flood management model that takes into account the specifics of catastrophic risk management: highly mutually dependent losses, the lack of information, the need for long-term perspectives and explicit analyses of spatial and temporal heterogeneities of various agents such as individuals, governments, and insurers. We use modified data from a pilot region of the Upper Tisza river, Hungary, to illustrate the evaluation of a public multipillar flood loss-spreading program involving partial compensation to flood victims by the central government, the pooling of risks through a mandatory public catastrophe insurance on the basis of location-specific exposures, and the demand for a contingent ex-ante credit to reinsure the insurances liabilities. GIS-based catastrophe models and stochastic optimization methods are used to guide policy analysis with respect to location-specific risk exposures. We use economically sound risk indicators leading to convex stochastic optimization problems strongly connected with nonconvex insolvency constraint, VaR and CVaR. |
| 主题 | Risk, Modeling and Society (RMS) |
| 关键词 | flood risk, catastrophe modeling, insurance, stochastic optimization, insolvency, contingent credit, CvaR |
| URL | http://pure.iiasa.ac.at/id/eprint/6790/ |
| 来源智库 | International Institute for Applied Systems Analysis (Austria) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/128183 |
| 推荐引用方式 GB/T 7714 | Ermolieva T,Ermoliev Y,Fischer G,et al. The role of financial instruments in integrated catastrophic flood management.. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| The%20Role%20of%20Fi（378KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
