This document was prepared by the Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) for the "Confronting Natural Disasters: A Matter of Development" Seminar held in New Orleans on 25 and 26 March 2000. Vulnerability reduction is a key...

Should the European Union grant state aid through an institution like the European Investment bank? This paper evaluates the efficiency of different measures for granting state aid. We use a theoretical model with firms that differ in their creditworthiness and compare different types of...