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time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
Persistent link: https://www.econbiz.de/10014396175
The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
Persistent link: https://www.econbiz.de/10014395854
Small developing states are disproportionately vulnerable to natural disasters. On average, the annual cost of disasters for small states is nearly 2 percent of GDP-more than four times that for larger countries. This reflects a higher frequency of disasters, adjusted for land area, as well as...
Persistent link: https://www.econbiz.de/10014408600
The Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) are valuable components of the disaster risk … access limits of 60 percent of quota under the RCF and RFI for countries experiencing severe natural disaster-related damages …. The focus of this paper is to specify the threshold of damage from a natural disaster that would allow members …
Persistent link: https://www.econbiz.de/10014408736
Persistent link: https://www.econbiz.de/10014410604
Public Health Disaster (QPHD) under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief Trust …
Persistent link: https://www.econbiz.de/10014408783
This paper surveys that state of fiscal transparency in the wake of the current crisis and looks at what can be done to improve it. It examines the relationship between fiscal transparency and fiscal outcomes; reviews progress in promoting greater fiscal transparency over the past decade; considers...
Persistent link: https://www.econbiz.de/10014410215
The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued...
Persistent link: https://www.econbiz.de/10014410327
An assessment of vulnerabilities and risks in LICs remains important both for LICs themselves and for the international community. There are currently 74 LICs, eligible for concessional financing from the Fund. This group of countries has a total population of about 1.3 billion, with an average...
Persistent link: https://www.econbiz.de/10014410548
assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …
Persistent link: https://www.econbiz.de/10014404135