Showing 1 - 10 of 29
growth driver, would be affected owing to widespread damages to the production systems in and around the earthquake area. …
Persistent link: https://www.econbiz.de/10011244864
This paper uses multivariate dynamic panel analysis to examine the response of international financial flows to natural disasters. The models estimated for a large sample of developing countries point to differentiated responses of specific types of financial flows. The results show that...
Persistent link: https://www.econbiz.de/10008560427
Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to continue to increase, and bear especially heavily on...
Persistent link: https://www.econbiz.de/10005825906
This paper evaluates Sri Lanka’s Request for Emergency Assistance. The Sri Lankan authorities have requested a purchase in an amount of SDR 103.35 million under the IMF’s policy for emergency assistance related to natural disasters. In line with IMF policy for Poverty Reduction and...
Persistent link: https://www.econbiz.de/10005598820
Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper examines the vulnerability of Belize's public finance to the occurrence of...
Persistent link: https://www.econbiz.de/10005599214
Economic activity is risky. Returns across economic sectors can be highly variable, potentially causing costly adjustments to consumption. However, when returns are imperfectly correlated across sectors and insurance is unavailable, diversification can reduce the economic impact of shocks....
Persistent link: https://www.econbiz.de/10005599518
Each year natural disasters affect about 200 million people and cause about $50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be far higher in developing countries than in advanced...
Persistent link: https://www.econbiz.de/10005605190
This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF’s role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance...
Persistent link: https://www.econbiz.de/10011242390
The January 2010 earthquake represented a major setback for Haiti, after several years of improved economic performance …
Persistent link: https://www.econbiz.de/10011242533
This paper discusses a request from Samoa's authorities for a Disbursement Under the Rapid-Access Component of the Exogenous Shocks Facility (ESF-RAC). The tsunami that hit Samoa on September 29, 2009 has undercut Samoa’s economic resilience and prospects for a quick recovery from the...
Persistent link: https://www.econbiz.de/10011243288