Earthquake

Severe tremors of the earth’s body may result in the destruction of large parts of the assets of private households as well as the infrastructure of the affected area. As a result, they also have a variety of effects on financial flows; not only in the affected country, but often also worldwide. For example, the price of Japanese government bonds fell immediately after a devastating earthquake and subsequent tsunami in the spring of 2011. This event in particular led to considerations of – how a country affected by earthquakes should in principle be assisted by contractual international financial aid and – that government bonds should also be backed by equity capital. – Cf. ECB Monthly Bulletin, May 2011, p. 10 ff. (Impact of the earthquake in Japan on the global economy).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/