Climatic Change and Financial Stability: Natural Disaster Impacts on Global Stock Markets

This paper aims to provide a comprehensive study of the impacts of worldwide climatic change and consequent natural disasters on international stock markets. By means of a suited event study methodology, we investigate the effects of biological, climatological, geophysical, hydrological and metereological disasters occurred in 104 countries across the world on 27 global stock market indexes over the period 8 February 2001 to 31 December 2019. We find diverse stock market responses to natural hazard shocks depending on the type of event under consideration, as well as on the location in which the event has occurred. We discover that climatological and biological calamities are the disaster types which induce the most extreme reactions of international financial markets, followed by geophysical ones. Furthermore, the examined stock indexes are, on average, considerably responsive to shocks occurring in countries belonging to the European continent, which, overall, tend to affect in a negative way their performances. Finally, our empirical investigation sheds light on the diversification opportunities arising from the mitigation of natural catastrophe risks, by providing evidence on the sensitivity of stock indexes to disaster-specific and country-specific natural hazards. A natural disaster risk hedging strategy highlights the diversification opportunities arising from the mitigation of natural catastrophe risks, by providing evidence on the profitability of trading stock indexes hedging for specific natural hazard sources, and particularly climatological and biological ones.JEL codes: G15, G18, G41, Q54

Lamotrigine Reduces Stress Symptoms of Chronic Anxiety in the Times of the Covid-19 Natural Catastrophe-A Case Report

The SARS-CoV-2 pandemic has been a worldwide chronic, stress-inducing natural catastrophe associated with increased emotional challenging. Patients with Post-traumatic stress disorder (PTSD), self-injury behavior, and obesity are predisposed to aggravation of their symptoms at this time, requiring new therapeutic approaches to balance their disrupted neuro-hormonal stress axis. Here we present our observations of an off-label treatment with lamotrigine in an adolescent girl with PTSD, self-injury behavior, and obesity. Lamotrigine was an efficacious pharmaceutical intervention that helped the patient deal with chronic stress and associated anxiety. The results are discussed based on our previous basic research outcomes in animals and humans that focused on the glutamate-cortisol circuits within the limbic brain.

Intersections between hydrological research and hydrological practice – a Natural Catastrophe modeller perspective

<p>This presentation is going to address some of the main commonalities between hydrological research and hydrological practice, from the perspective of the Natural Catastrophe (Nat Cat) model developer. For example, hydrological research on the one hand, has a strong focus on the advancement of understanding hydrological processes. The hazard component of Nat Cat flood models, on the other hand, tends to be focused more on model suitability, accuracy and precision. However, it does rely heavily on a thorough understanding of the main hydro-meteorological drivers to describe catchment processes across the relevant spatial and temporal scales, and these are incorporated to achieve model realism and robustness, in particular when extrapolating outside the range of observed regimes. The latter is of importance when modelling extremes, which by definition are scarce.</p><p>The presentation will also go into detail on the feedbacks between hydrological research and hydrological practice. For example, how the latest generation of Natural Catastrophe models benefit from the advances in hydrological research, e.g. research on large scale hydroclimatic patterns like ENSO, or climate change research. Incorporating the latest research in hydrological hazard modeling into Catastrophe Models ultimately improves the risk assessment for a set of assets. Also, large-scale flood risk models using coupled model chains that are relatively new in the hydrological research literature, have been part of the standard methodology for the Nat Cat models for a couple of decades, and might be seen as an indicator for the societal demand to perform novel research in these fields.</p>

‘Shattering’ and ‘Violent’ Forces: Gender, Ecology, and Catastrophe in George Eliot's The Mill on the Floss

This article argues that George Eliot's The Mill on the Floss (1860) aligns natural catastrophe with the image of the disastrous female body in order to challenge contemporary geological readings of nature as a balanced, self-regulating domain. Both incorporating and revising the work of Charles Lyell, Oliver Goldsmith, and Georges Cuvier, Eliot emphasises the interconnectedness of human and planetary processes, feminises environmental catastrophe, and blends human and ecological history. She does so in order to write the human presence back into geological histories that tended to evacuate the human, and to invite readers to account for the effects their lifestyles and industries have upon the supposedly balanced and orderly processes of nature.

And Yet It Quakes! (Nietzsche and Voltaire)

One of a handful of texts written by Sarah Kofman in the interim between the publication of her Explosion (1992, 1993), a 700-page analysis of Ecce Homo, and her sudden death in 1994, ‘And Yet It Quakes!’ is an unflinching contribution to her perennial analysis of Nietzsche's legacy. The essay opens with a presentation of the responses of Voltaire and Nietzsche to natural catastrophe: an earthquake in Lisbon in the case of the former, an earthquake in Ischia for the latter. Drawing on a metaphoric architecture of quaking or shakenness to draw together a variety of themes and problematics, the essay elaborates a rich comparative study of these two thinkers on the basis of their hasty passing-on from the ‘“humanitarian” considerations’ which such catastrophes might evoke. After analysing the influence of Voltaire on Nietzsche and the rich synergies between the two, with particular reference to irony and laughter, to aristocratism, and to the function of a polemical hostility to Rousseau within their various projects, Kofman's essay closes with a complex — and somewhat ambivalent — affirmation of the radicality of the Nietzschean project. (This text, first published in Furor shortly before Kofman's death, is collected in the posthumous Imposture de la beauté et autres textes (Galilée, 1995) and in Tributs à Voltaire (Furor, 2017). The ayant-droit is favourable to publication.)