An Inquiry into the Feasibility of a Catastrophe Risk Bond Market  

作　　者：Bo Zhang Wenji Li 

机构地区：[1]Wuhan University

出　　处：《China-USA Business Review》2005年第8期39-45,共7页美中经济评论（英文版）

摘　　要：Catastrophe risk bond is the product of financial integration and financial innovation, which have been attached great importance by both academic circle and business circle since it was invented. After describing the theories of demand and supply for catastrophic risk bond, the paper continues to test these theories with models, and then makes a conclusion that the demand of investors for catastrophic risk bond is increasing, but the reinsurance companies have not collected the expected benefits by issuing such kind of bonds.

关 键 词：reinsurance catastrophic risk bond theory of supply theory of demand Portfolio theory 

分 类 号：F11[经济管理—国际贸易]