Related papers: Increasing countries financial resilience through …
Over the past decade alternatives to traditional insurance and banking have grown in popularity. The desire to encourage local participation has lead products such as peer-to-peer insurance, reciprocal contracts, and decentralized finance…
No matter its source, financial- or policy-related, uncertainty can feed onto itself, inflicting the real economic sector, altering expectations and behaviours, and leading to identification challenges in empirical applications. The strong…
We study the effects of non-systematic and systematic mortality risks on the required initial capital in a pension plan, in the presence of financial risks. We discover that for a pension plan with few members the impact of pooling on the…
The demand for resilient logistics networks has increased because of recent disasters. When we consider optimization problems, entropy regularization is a powerful tool for the diversification of a solution. In this study, we proposed a…
Ride-pooling remains a promising emerging mode with a potential to contribute towards urban sustainability and emission reductions. Recent studies revealed complexity and diversity among travellers' ride-pooling aptitudes. So far,…
Distribution grid reliability and resilience has become a major topic of concern for utilities and their regulators. In particular, with the increase in severity of extreme events, utilities are considering major investments in distribution…
In this paper, we consider a risk process with deterministic growth and multiplicative jumps to model the capital of a low-income household. Reflecting the high-risk nature of the low-income environment, capital losses are assumed to be…
Inspired by ideas from health risk assessment, this paper presents a new perspective for flood risk assessment. The proposed perspective focuses on three pillars for examining flood risk: (1) inherent susceptibility, (2) mitigation…
We present the Pioneer Detection Method, a supervisory tool we developed to enhance resilience in insurance markets facing the challenges posed by climate change. Based on a theoretical model of the insurance industry, we consider a…
International remittances represent a vital source of disaster adaptation finance for households around the world, yet their responsiveness to environmental disasters remains poorly quantified. We reveal a previously unmeasured global…
Management of systemic risk in financial markets is traditionally associated with setting (higher) capital requirements for market participants. There are indications that while equity ratios have been increased massively since the…
Forecast combination -- the aggregation of individual forecasts from multiple experts or models -- is a proven approach to economic forecasting. To date, research on economic forecasting has concentrated on local combination methods, which…
Reliable prediction of river floods in the first 72 hours can reduce harm because emergency agencies have sufficient time to prepare and deploy for help at the scene. Such river flood prediction models already exist and perform relatively…
Against the widely held belief that diversification at banking institutions contributes to the stability of the financial system, Wagner (2010) found that diversification actually makes systemic crisis more likely. While it is true, as…
The fragility of financial systems was starkly demonstrated in early 2023 through a cascade of major bank failures in the United States, including the second, third, and fourth largest collapses in the US history. The highly interdependent…
Algorithmic fairness aims to address the economic, moral, social, and political impact that digital systems have on populations through solutions that can be applied by service providers. Fairness frameworks do so, in part, by mapping these…
Monitoring tools for anticipatory action are increasingly gaining traction to improve the efficiency and timeliness of humanitarian responses. Whilst predictive models can now forecast conflicts with high accuracy, translating these…
Natural disasters affect hundreds of millions of people worldwide every year. Early warning, humanitarian response and recovery mechanisms can be improved by using big data sources. Measuring the different dimensions of the impact of…
We examine the spillover effect of neighboring ports on regional industrial diversification and their economic resilience using the export data of South Korea from 2006 to 2020. First, we build two distinct product spaces of ports and port…
This paper proposes a framewrok for analyzing how the welfare effects of policy interventions are distributed across individuals when those effects are unobserved. Rather than focusing solely on average outcomes, the approach uses readily…