PUBLIC FINANCE AND EXTREME EVENTS

                             Professor Phd Ioan Talpoş,
                        Lecturer Phd Student Cosmin Enache,
        West University of Timişoara, Faculty of Economic Sciences, Romania


         Abstract: The paper intends to review an area of the public finance that is rarely
under the attention of the researchers: how the public finance reacts when an extreme
event happens? First, we tried to overcome the difficulties arising from the need to
clearly define the term “extreme event”. Second, we consider the public authorities
intervention through public finance channels when an extreme events occurs. And,
finally, we review some public-private partnership solutions to a crisis generated by an
extreme event.

       Keywords: public finance, extreme event, public-private partnership

       JEL codes: H10, H50