We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...

Why aren’t we investing more in disaster resilience, despite the rising costs of disaster events? This book argues that decision-makers in governments, businesses, households, and development agencies tend to focus on avoiding losses from disasters, and perceive the return on investment as...

Chapter 1. Overview -- Chapter 2. The economic impact of natural disasters -- Chapter 3. The consequences of natural disasters on banking institutions -- Chapter 4. The role of banks in promoting post-disaster economic growth -- Chapter 5. The role of other actors in promoting post-disaster...