Theoretical and Applied Economics
No. 2 / 2022 (631), Summer
Reinsurance – an efficient solution of catastrophe risk transfer for the housing stock of Romania
University of Economic Studies, Bucharest, Romania
Abstract. As economic losses caused by natural disasters substantially increase in volume, impacting national economies, post-disaster reconstruction financing becomes crucial, especially for countries with fragile economies. The growing gap between economic and insured losses calls for a pragmatic approach related to financial protection solutions. Romania is one of the few countries that adopted a solution to cut down this deficit of protection in the case of the residential system. This system considers reinsurance as a sustainable risk transfer method, meant to quickly and efficiently attract the funds required to rebuild the housing stock in the event of a disaster.
Contents
International banking, crises and strategic interests
The importance of demand, uncertainty and monetary policy shocks from the euro area for the Romanian economy
Fiscal consolidation and public debt in the European Union: Reevaluating the relationship
Measuring the impact of philanthropy on small businesses: A case study of small business in Israel
Whether high frequency intraday data behave randomly: Evidence from NIFTY 50
Poverty in Romania: an analysis at regional level
The past, the present and the prospective future of efficient market hypothesis: a theoretical and empirical investigation of international stock markets
Casual nexus between economic growth, FDI and employment: An inquiry into BRICS and ASEAN
A comparative analysis of export-led and domestic demand-led growth hypotheses in BRICS economies
Reinsurance – an efficient solution of catastrophe risk transfer for the housing stock of Romania
Normative analysis of the impact of Covid-19 on prominent sectors of Indian economy by using ARCH Model
Linear and nonlinear effect of exchange rate on inflation in Pakistan
Assessing the performance of mutual funds
Model for estimating the profitability of placing asset portfolios on the capital market