Shielding the Poor presents a group of studies on social protection in the developing world from leading researchers. These studies address the issue of vulnerability of the poor to adverse shocks and propose policies to increase their protection and coping capacity. The studies emphasize the...

Financial Risk Management outlines how to implement an objective and systematic risk management program that allows for effective control and evaluation of operations. This comprehensive guide is designed to help businesses and financial institutions operating in emerging markets incorporate...

Thinly traded securities exist in both emerging and well developed markets. However, plausible estimations of market risk measures for portfolios with infrequently traded securities have not been explored in the literature. We propose a methodology to calculate market risk measures based on the...

This paper studies the allocation of total disaster risk reduction public spending among regions in Peru. The main objective of this work is to identify the main determinants of the distribution of these resources, and for this purpose an index of historical physical impacts of natural...

Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...

The dangers of shouting ``fire'' in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features, and I analyze why people crowd into theaters and trades, why they run, what determines the...

This technical paper investigates potential avenues for reducing economic losses resulting from natural hazards, and discusses ex ante and ex post issues affecting disaster risk management. It also assesses how both types of measures can be jointly used to reduce the economic impact of disasters...

Border control agencies, including customs authorities, face major challenges balancing a country's need for controls with the benefits of facilitating cross-border traffic in people and goods. To better manage the growing volume of travelers and trade, a significant number of leading customs...

This technical notes summarizes the results of the application and update of the IDB's Indicators of Disaster Risk and Risk Management for borrowing member countries. The four indicators -Disaster Deficit Index (DDI), the Local Disaster Index (LDI), the Prevalent Vulnerability Index (PVI), and...