extent to which countries can hedge rare disasters in international capital markets. We show that low levels of financial …

extent to which countries can hedge rare disasters in international capital markets. We show that low levels of financial …

We show that the relationship between wealth and economic losses due to natural disasters is strongly linked to … disaster risk. We first build an analytical model that demonstrates how countries that face a low hazard of disasters are …, countries that face a high hazard of disasters are likely to experience first decreasing losses and then increasing ones with …