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How Do International Financial Flows to Developing Countries Respond to Natural Disasters?

David, Antonio C. - 2011

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/10014178702

Natural Disasters and Food Crises in Low-Income Countries : Macroeconomic Dimensions

Adedeji, Olumuyiwa S. - 2016

The exposure of low-income countries to natural disasters has a significant impact on food production and food security. This paper provides a framework for assessing a country's vulnerability to food crisis in the event of natural disasters. The paper finds that macroeconomic and structural...

Persistent link: https://www.econbiz.de/10012993722

Policy Space Index : Short-Term Response to a Catastrophic Event

Ferrer, José; Kireyev, Alexei - 2022

What policy space does a country have for a short-term response to a catastrophic event? To quantify this space, the paper proposes a policy space index. The index combines a quantitative, albeit relatively limited and narrow, fiscal space concept with the indicators of nominal monetary space...

Persistent link: https://www.econbiz.de/10014081237

Government Insurance Against Natural Disasters : An Application to the ECCU

Guerson, Alejandro - 2021

This paper estimates insurance requirements against natural disasters (NDs) in the Eastern Caribbean Currency Union (ECCU) using an insurance layering framework. The layers include a government saving fund, as well as market instruments. Each layer is calibrated to cover estimated fiscal cost of...

Persistent link: https://www.econbiz.de/10013250095

Self-Insurance Against Natural Disasters : The Use of Pension Funds in Pacific Island Countries

Guo, Si - 2018

Pacific island countries are exposed to significant risks from natural disasters. As adisaster relief measure, Fiji allowed pre-retirement pension withdrawls in the wake ofCyclone Winston in 2016. Motivated by this policy action, we provide a normativeanalysis of the use of early pension...

Persistent link: https://www.econbiz.de/10012913890

The Economic Impact of Natural Disasters in Pacific Island Countries : Adaptation and Preparedness

Lee, Dongyeol - 2018

Pacific island countries are highly vulnerable to various natural disasters which are destructive, unpredictable and occur frequently. The frequency and scale of these shocks heightens the importance of medium-term economic and fiscal planning to minimize the adverse impact of disasters on...

Persistent link: https://www.econbiz.de/10012913925

Policy Trade-Offs in Building Resilience to Natural Disasters : The Case of St. Lucia

Cantelmo, Alessandro - 2019

Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection -insurance and self-insurance- and structural protection -investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia's economy, this paper shows that...

Persistent link: https://www.econbiz.de/10012889136

Natural Disasters : Mitigating Impact, Managing Risks

Laframboise, N. - 2012

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 provided...

Persistent link: https://www.econbiz.de/10013098564

Debt, Growth and Natural Disasters a Caribbean Trilogy

Acevedo Mejia, Sebastian - 2014

the Caribbean. Two types of natural disasters are studied –storms and floods– given their prevalence in the region, while … disasters shocks, in a panel of 12 Caribbean countries over a period of 40 years. The results show that both storms and floods … have a negative effect on growth, and that debt increases with floods but not with storms. However, in a subsample I find …

Persistent link: https://www.econbiz.de/10013049168

The Macroeconomic Returns of Investment in Resilience to Natural Disasters Under Climate Change : A DSGE Approach

Corugedo, Emilio Fernández; Gonzalez Gomez, Andres; … - 2023

This paper presents a Markov switching dynamic stochastic general equilibrium model designed to evaluate the macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows the existing literature in assuming that NDs destroy a...

Persistent link: https://www.econbiz.de/10014353544