Evaluating Sovereign Disaster Risk Finance Strategies : A Framework

Evaluating Sovereign Disaster Risk Finance Strategies : A Framework

This paper proposes a framework for ex ante evaluation of sovereign disaster risk finance instruments available to governments for funding disaster losses. The framework can be used by governments to help choose between different financial instrume...

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Bibliographic Details
Main Authors:	Clarke, Daniel, Mahul, Olivier, Poulter, Richard, Teh, Tse Ling
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	CONTINGENT LIABILITIES LINE OF CREDIT HOLDING LIABILITY DEVELOPING COUNTRIES FINANCIAL MANAGEMENT RISK PROFILE VALUATION INTEREST RATE OF RETURN CLAIM PAYMENT RISK NEUTRAL CONTINGENT LIABILITY MORAL HAZARD INSURANCE PRODUCT INTEREST RATE OPTION EXCHANGE STRATEGIES SERVICES FINANCIAL CRISES REPAYMENTS PUBLIC SERVICES PORTFOLIO BONDS MARKET INSTRUMENTS LOAN DEBT REPAYMENTS PRICING PROJECTS RESERVE FUND GOVERNMENT ACCOUNTS CLAIM PAYMENTS SAVING RESERVE INTERNATIONAL BANK INSTRUMENTS SAFETY NETS BUDGET PRESENT VALUE SAVINGS CURRENCY NATURAL DISASTER DISBURSEMENT INSURANCE MARKETS FINANCES FIXED COSTS INTEREST RATES INSURANCE PRODUCTS NATURAL DISASTERS FINANCIAL INSTITUTIONS MARKETS DEBT INTERNATIONAL DEVELOPMENT CATASTROPHE BONDS RETURN LENDERS LIQUID MONEY LOANS RESERVES GOVERNMENT FINANCING FINANCE BANK POLICY INFRASTRUCTURE BANKS EXPENDITURE TRANSACTIONS SOVEREIGN DEBT OPPORTUNITY COST GOVERNMENT BUDGET OPPORTUNITY COSTS FINANCIAL TRANSACTIONS FINANCIAL INSTRUMENT MINISTRIES OF FINANCE SOVEREIGN RISK FUTURE VALUE PRIVATE FINANCIAL SECTOR BANK RETURNS FINANCIAL INSTRUMENTS CREDIT BUDGETS COLLATERALIZATION PUBLIC BUDGET GOVERNMENT EXPENDITURE SAFETY NET PRICE RISK REPAYMENT EXPENDITURES FISCAL YEAR INSURANCE PREMIUM MARKET DEFAULT LOCAL CURRENCY LEVY INSURANCE INSURANCE PREMIUMS CONTINGENT DEBT GOVERNMENT DEBT INVESTMENT RISK BOND INDIRECT COST FINANCIAL MARKETS INSTITUTIONAL DEVELOPMENT MONEY MARKET MONEY MARKET INSTRUMENTS BORROWING INVESTMENTS RISK MANAGEMENT LENDING SWAPS INSURANCE COMPANIES INSTRUMENT GOVERNMENTS LIABILITIES ARREARS BOND PREMIUM ECONOMIC CONDITIONS INVESTING
Online Access:	http://documents.worldbank.org/curated/en/2016/06/26510520/evaluating-sovereign-disaster-risk-finance-strategies-framework http://hdl.handle.net/10986/24637

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