Keen, Michael; Freeman, Paul K.; Mani, Muthukumara - International Monetary Fund (IMF) - 2003
Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction … dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more …. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to …