The Macro Financing of Natural Hazards in Developing Countries

The authors propose a financial model to address the design of efficient risk financing strategies against natural disasters at the country level. It is simple enough to shed analytical light on some of the key issues but flexible and realistic enough to provide some quantitative guidance on the ex...

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Bibliographic Details
Main Authors:	Mahul, Olivier, Gurenko, Eugene
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ARBITRAGE ATTACHMENT POINT BALANCE SHEETS BANK LENDING BASIS RISK BONDS BORROWING CAPITAL BASE CAPITAL FLOWS CAPITAL MARKETS CATASTROPHE LOSS CATASTROPHES CATASTROPHIC EVENTS CATASTROPHIC RISKS CONSUMERS COST OF CAPITAL COVERAGE CREDIT FACILITIES CREDIT FACILITY CREDIT RISK DEBT DEVELOPMENT BANKS DISASTER DISASTER RELIEF DISASTER RISK DISASTERS DROUGHT DROUGHTS EARTHQUAKE EARTHQUAKES ECONOMIC GROWTH ECONOMIC RISK FINANCIAL ENGINEERING FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FLOODS HOUSING HURRICANE HURRICANES INDEMNITY INFLATION INFRASTRUCTURE LOANS INSURANCE INSURANCE CLAIMS INSURANCE COMPANIES INSURANCE COVERAGE INSURANCE INDUSTRY INSURANCE MARKETS INSURANCE POOLS INSURED LOSSES INTERNATIONAL FINANCIAL INSTITUTIONS LATIN AMERICAN LIQUIDITY MARKET RISK MIDDLE EAST MITIGATION MITIGATION MEASURES MORAL HAZARD MULTILATERAL DEVELOPMENT BANKS NATURAL CATASTROPHES NATURAL DISASTER NATURAL DISASTERS NATURAL HAZARDS NORTH AFRICA OPERATING COSTS PREMIUMS PRESENT VALUE PROGRAMS RECONSTRUCTION REINSURANCE REINSURANCE COMPANIES REINSURANCE CONTRACTS REINSURERS RESERVES RESOURCE ALLOCATION RISK ASSESSMENT RISK AVERSION RISK MANAGEMENT RISK MANAGEMENT MODEL RISK MITIGATION RISK PREMIUM RISK SHARING RISK TRANSFER SECURITIES SHAREHOLDERS EQUITY STORM STORMS TAXATION UNDERWRITING WESTERN EUROPE
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7245786/macro-financing-natural-hazards-developing-countries http://hdl.handle.net/10986/8860

Internet

http://documents.worldbank.org/curated/en/2006/12/7245786/macro-financing-natural-hazards-developing-countries
http://hdl.handle.net/10986/8860

The Macro Financing of Natural Hazards in Developing Countries

Internet

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