Climate change is a phenomenon leading to randomly distributed disasters around the globe. Due to massive economic and technical asymmetry between the advanced North and the developing South efficient climate and industrial policy is particular difficult. Globally efficient policy would need to...

Climate change is a phenomenon leading to randomly distributed disasters around the globe. Due to massive economic and technical asymmetry between the advanced North and the developing South efficient climate and industrial policy is particular difficult. Globally efficient policy would need to...

The issue of climate change has at long last made its way into mainstream policy discussions in the United States. However, the focus both in the United States and internationally has been on reducing energy production and transportation emissions. This has led the media, policy makers and the...

The agriculture of Malaysia is one of the most vulnerable sectors due to the rapid changes in climatic factors in Malaysia. In order to face and manage the situation, farmers are trying in various ways and government and other external agencies are providing several supports to adapt to these...

Some economic sectors — particularly agriculture — are sensitive to weather conditions and hence to the accuracy of available forecasts. Unfortunately, even forecasts of the near future made by the most advanced climate models suffer from relatively low accuracy due to imperfect modeling of...

Inter-annual climate variability in the Southeastern US that affects farm productivity and cash flows is largely driven by the predictable El Nino Southern Oscillation (ENSO) phenomenon. In this paper, we evaluate the impact of the ENSO anomalies on the performance of agricultural loan...

Climate change heightens the risk of climate anomalies. We find projected climate anomalies have a significantly negative impact on agricultural financing. When the projected probability of an abnormally high temperature (low temperature, low precipitation) for a month is in the top decile,...

Using a rare flood in April 2019 in Iran as a natural experiment, we study the role of local banks in mitigating the financial consequence of natural disasters to smallholder farmers. We find that local branches immediately react to the disaster by increasing their lending for two months...

The weather index-based insurances may help farmers to cope with climate risks overcoming the most common issues of traditional insurances. However, the weather index-based insurances present the limit of the basis risk: a significant yield loss may occur although the weather index does not...

Even though agricultural activities have always had to face systemic risk, increasing uncertainty linked to market conditions, policy revision and climate change require the adoption of extensive, functional and informed risk management strategies. Our study aims to investigate north-eastern...