When a natural disaster destroys public capital, these direct losses are exacerbated by indirect losses arising from reduced output while reconstruction takes place. These indirect losses may be much larger, relative to the direct ones, in low-income countries, because they lack the finance for rapid reconstruction. This paper uses a dynamic general equilibrium model to examine sovereign disaster risk insurance, increased taxation, and budget reallocation as alternative financing mechanisms for countries where increased borrowing is impractical. The analysis suggests that insurance may or may not be helpful, depending on detailed circumstances, and that budget reallocation is potentially very damaging. Raised taxation, if feasible, may be a...
This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instrument...
This paper explores sovereign risk preferences against direct and indirect natural disasters losses ...
Disaster management and insurance are of increasing significance in today’s world. Every year, natur...
When natural disasters destroy public capital, these direct losses are exacerbated by indirect losse...
Economic theory suggests that countries should ignore uncertainty for public investment and behave a...
Natural disasters may constitute a major shock to public finances and debt sustainability because of...
Mahul and Gurenko propose a financial model to address the design of efficient risk financing strate...
Naturkatastrophe; Öffentliche Finanzwirtschaft; Versicherungstechnisches Risiko; Securitization; Rüc...
Recent global assessments dealing with extreme event risks linked to geophysical and hydrometeorolog...
The scale of loss from natural disasters in low-income countries often exceeds the resources of inte...
National governments are key actors in managing the impacts of extreme weather events, yet many high...
The scale of loss from natural disasters in low-income countries often exceeds the resources of inte...
The authors propose a financial model to address the design of efficient risk financing strategies a...
This report was commissioned by the Natural Disasters Network of the Regional Policy Dialogue. This ...
This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instrument...
This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instrument...
This paper explores sovereign risk preferences against direct and indirect natural disasters losses ...
Disaster management and insurance are of increasing significance in today’s world. Every year, natur...
When natural disasters destroy public capital, these direct losses are exacerbated by indirect losse...
Economic theory suggests that countries should ignore uncertainty for public investment and behave a...
Natural disasters may constitute a major shock to public finances and debt sustainability because of...
Mahul and Gurenko propose a financial model to address the design of efficient risk financing strate...
Naturkatastrophe; Öffentliche Finanzwirtschaft; Versicherungstechnisches Risiko; Securitization; Rüc...
Recent global assessments dealing with extreme event risks linked to geophysical and hydrometeorolog...
The scale of loss from natural disasters in low-income countries often exceeds the resources of inte...
National governments are key actors in managing the impacts of extreme weather events, yet many high...
The scale of loss from natural disasters in low-income countries often exceeds the resources of inte...
The authors propose a financial model to address the design of efficient risk financing strategies a...
This report was commissioned by the Natural Disasters Network of the Regional Policy Dialogue. This ...
This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instrument...
This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instrument...
This paper explores sovereign risk preferences against direct and indirect natural disasters losses ...
Disaster management and insurance are of increasing significance in today’s world. Every year, natur...