Global Disaster Risk Matters

The authors are grateful to Karl Diether (Department Editor), an associate editor, and two anonymous referees for very insightful and helpful comments that improved the paper substantially. The authors also thank Wolfgang Kuhle (discussant), Yi Li (discussant), Ti Zhou, and seminar participants at Beihang University, Hunan University, and Shandong University and conference participants at the 2018 Chinese Finance Annual Meeting, 2019 Conference on Financial Systems Engineering and Risk Management, 2021 AFR Summer Institute of Economics and Finance, 2021 Asian Financial Associate Annual Meeting, and 2021 China International Risk Forum for insightful comments.

Part of this work was undertaken while Jian Chen was visiting Washington University in St. Louis. The order of authors’ names is alphabetical.