JOINT NATURAL DISASTERS RISK FINANCING IN ROMANIA – AN ECONOMIC STABILITY FACTOR

Gabriel Arthur Zelinschi
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Gabriel Arthur Zelinschi: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 454-462

Abstract: Protection against the effects of natural disasters requires the existence of substantial financial funds at the government disposal. Under the conditions of the current world economic crisis, existing resources are totally inadequate. A viable solution for overcoming this difficulty is to use a mix of additional disaster risk financing sources, their proper management being an economic stability factor. In support of these affirmations, an analysis is made regarding the adequacy and availability in time of the financial resources that can be mobilized at any given moment.

Keywords: natural disasters; risk; economic stability; source of financing; insurances. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:454-462

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