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Public Finance And Extreme Events

Author

Listed:
  • Ioan TalpoÅŸ
  • Cosmin Enache

Abstract

The paper intends to review an area of the public finance that is rarely under the attention of the researchers: how the public finance reacts when an extreme event happens? First, we tried to overcome the difficulties arising from the need to clearly define the term “extreme event†. Second, we consider the public authorities intervention through public finance channels when an extreme events occurs. And, finally, we review some public-private partnership solutions to a crisis generated by an extreme event.

Suggested Citation

  • Ioan TalpoÅŸ & Cosmin Enache, 2007. "Public Finance And Extreme Events," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(9), pages 1-3.
    • Handle: RePEc:alu:journl:v:1:y:2007:i:9:p:3
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    File URL: http://oeconomica.uab.ro/upload/lucrari/920071/03.pdf
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    References listed on IDEAS

    as
    1. Evis Këllezi & Manfred Gilli, 2000. "Extreme Value Theory for Tail-Related Risk Measures," FAME Research Paper Series rp18, International Center for Financial Asset Management and Engineering.
    2. Sanders, D. E. A., 2005. "The Modelling of Extreme Events," British Actuarial Journal, Cambridge University Press, vol. 11(3), pages 519-557, August.
    3. David E. Wildasin, 2006. "Disasters: Issues for State and Federal Government Finances," Working Papers 2006-07, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
    4. Howard Kunreuther, 2001. "Risk Analysis and Risk Management in an Uncertain World," Center for Financial Institutions Working Papers 02-08, Wharton School Center for Financial Institutions, University of Pennsylvania.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public finance; extreme event; public-private partnership;
    All these keywords.

    JEL classification:

    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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