Macroeconomic Risk Management Against Natural Disasters
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Macroeconomic Risk Management Against Natural Disasters
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Author : Stefan Hochrainer
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-12-14
Macroeconomic Risk Management Against Natural Disasters written by Stefan Hochrainer and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-14 with Business & Economics categories.
Looking back in history, we conceive the twentieth century as the century of wars. Most Hkely, we will conceive the twenty-first century as the century of (natural) catastrophes. Wars can be avoided (unfortunately, it did not happen often in history), in contrast, most natural disasters are outside human influence. However, the consequences of disasters can be alleviated by means of risk management. For an effective risk management, information is needed about (i) the size of the risk (measured by the frequency and intensity of the hazard), and (ii) the degree of vulnerability of the economy and society. Stefan Hochr- ner's thesis deals with measuring and modehng of both. While the physical risk modeUng is a well developed area within statistical modeling (frequency analysis, point processes, extreme value theory, etc. ), estimating the economic consequences is a more challenging task. The author studies economic effects of catastrophes by statistical analysis of mac- economic data. One interesting finding is that disasters can decrease the absolute level of economic performance, such as the GDP, while keeping growth levels nearly the same (at least after some years) as in the pre-disaster years. The boom of new products in the financial markets, especially of new derivative instru ments, has led to new risk hedging instruments such as catastrophe bonds. CAT-bonds transfer the risk to the market of investors.
Understanding The Economic And Financial Impacts Of Natural Disasters
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Author : Charlotte Benson
language : en
Publisher: World Bank Publications
Release Date : 2004
Understanding The Economic And Financial Impacts Of Natural Disasters written by Charlotte Benson and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Disaster relief categories.
Understanding The Economic And Financial Impacts Of Natural Disasters
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Author : Charlotte Benson
language : en
Publisher: World Bank Publications
Release Date : 2004
Understanding The Economic And Financial Impacts Of Natural Disasters written by Charlotte Benson and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Disaster prevention and mitigation are integral to development activities. In February 2000, the World Bank's Disaster Management Facility initiated a three-year study on the economic and financial consequences of natural disasters with the support of the U.K. Department for International Development.
The Economic Impacts Of Natural Disasters
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Author : Debarati Guha-Sapir
language : en
Publisher: Oxford University Press
Release Date : 2013-04-04
The Economic Impacts Of Natural Disasters written by Debarati Guha-Sapir and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-04 with Business & Economics categories.
Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, poverty remains the main risk factor determining the long-term impact of natural hazards. Furthermore, natural disasters have themselves a tremendous impact on the poorest of the poor, who are often ill-prepared to deal with natural hazards and for whom a hurricane, an earthquake, or a drought can mean a permanent submersion in poverty. The Economic Impacts of Natural Disasters focuses on these concerns for poverty and vulnerability. Written by a collection of esteemed scholars in disaster management and sustainable development, the report provides an overview of the general trends in natural disasters and their effects by focusing on a critical analysis of different methodologies used to assess the economic impact of natural disasters. Economic Impacts presents six national case studies (Bangladesh, Vietnam, India, Nicaragua, Japan and the Netherlands) and shows how household surveys and country-level macroeconomic data can analyze and quantify the economic impact of disasters. The researchers within Economic Impacts have created path-breaking work and have opened new avenues for thinking and debate to push forward the frontiers of knowledge on economics of natural disasters.
Disaster Risk Reduction For Economic Growth And Livelihood
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Author : Ian Davis
language : en
Publisher: Routledge
Release Date : 2015-05-22
Disaster Risk Reduction For Economic Growth And Livelihood written by Ian Davis and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-22 with Business & Economics categories.
The prevalence of natural disasters in recent years has highlighted the importance of preparing adequately for disasters and dealing efficiently with their consequences. This book addresses how countries can enhance their resilience against natural disasters and move towards economic growth and sustainable development. Covering a wide range of issues, it shows how well thought-out measures can be applied to minimize the impacts of disasters in a variety of situations. Starting with the need for coping with a rapidly changing global environment, the book goes on to demonstrate ways to strengthen awareness of the effectiveness of preventive measures, including in the reconstruction phase. The book also covers the roles played by different actors as well as tools and technologies for improved disaster risk reduction. It focuses on a variety of case studies from across Asia, Africa and Latin America, drawing out lessons that can be applied internationally. This book will be of great interest to professionals in disaster management, including national governments, donors, communities/citizens, NGOs and private sector. It will also be a highly valuable resource for students and researchers in disaster management and policy, development studies and economics.
Data Against Natural Disasters
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Author : Samia Amin
language : en
Publisher: World Bank Publications
Release Date : 2008-01-01
Data Against Natural Disasters written by Samia Amin and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Social Science categories.
This book provides guidance to policy makers seeking to design effective monitoring systems for disaster response management. This volume describes the data needs that arise after natural disasters, assesses current data management reform efforts, and discusses the institutional preconditions and tactical and strategic steps necessary for establishing systems that work. Six country case studies elaborate lessons from the success and failures of efforts to establish innovative monitoring systems in the aftermath of disasters in Guatemala, Haiti, Indonesia, Mozambique, Pakistan, and Sri Lanka.
Natural Disaster Hotspots
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Author : Maxx Dilley
language : en
Publisher: World Bank Publications
Release Date : 2005
Natural Disaster Hotspots written by Maxx Dilley and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Hazardous geographic environments categories.
This synthesis summarizes the findings of the Global Natural Disaster Risk Hotspots project. The Hotspots project generated a global disaster risk assessment and a set of more localized or hazard-specific case studies. The synthesis draws primarily from the results of the global assessment. Full details on the data, methods and results of the global analysis can be found in volume one of Natural Disaster Hotspots: A Global Risk Analysis. The case studies are contained in volume two (forthcoming).
How To Manage The Fiscal Costs Of Natural Disasters
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Author : Mr.Serhan Cevik
language : en
Publisher: International Monetary Fund
Release Date : 2018-06-11
How To Manage The Fiscal Costs Of Natural Disasters written by Mr.Serhan Cevik and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-11 with Nature categories.
This how-to note focuses on the management of the fiscal costs associated with natural disaster risks. Unlike other types of fiscal risks (for example, unexpected macroeconomic changes or materialization of contingent liabilities), a natural disaster presents a unique challenge to fiscal risk-management and budget processes because of its exogenous nature and potentially overwhelming scale. This note discusses how governments can build fiscal resilience against natural hazards and strengthen fiscal management after a disaster, including through budgeting frameworks and other fiscal policies. The note aims to answer three central questions: How large should fiscal buffers be? How should fiscal buffers be built up? How should fiscal buffers be used efficiently and transparently once a natural disaster has struck? These three questions directly relate to fiscal policy, fiscal risk management, and the budget process—all core areas of IMF expertise. To address them, the note focuses on fiscal strategies for financing recovery efforts and considers approaches to mitigate disaster impact. The note also provides guidance on how to conduct regular risk analyses of natural disasters’ potential fiscal consequences and outlines best practices for defining and accounting for the contingent liabilities associated with natural disasters in budgeting frameworks. Finally, the note touches on approaches for risk reduction, disaster risk financing strategies, and risk transfer mechanisms, such as various insurance instruments.
Integrated Catastrophe Risk Modeling
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Author : Aniello Amendola
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-11
Integrated Catastrophe Risk Modeling written by Aniello Amendola and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-11 with Nature categories.
Efficient and equitable policies for managing disaster risks and adapting to global environmental change are critically dependent on development of robust options supported by integrated modeling. The book is based on research and state-of-the art models developed at IIASA (International Institute for Applied Systems Analysis) and within its cooperation network. It addresses the methodological complexities of assessing disaster risks, which call for stochastic simulation, optimization methods and economic modeling. Furthermore, it describes policy frameworks for integrated disaster risk management, including stakeholder participation facilitated by user-interactive decision-support tools. Applications and results are presented for a number of case studies at different problem scales and in different socio-economic contexts, and their implications for loss sharing policies and economic development are discussed. Among others, the book presents studies for insurance policies for earthquakes in the Tuscany region in Italy and flood risk in the Tisza river basin in Hungary. Further, it investigates the economic impact of natural disasters on development and possible financial coping strategies; and applications are shown for selected South Asian countries. The book is addressed both to researchers and to organizations involved with catastrophe risk management and risk mitigation policies.
Natural Hazards Unnatural Disasters
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2010-11-10
Natural Hazards Unnatural Disasters written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-11-10 with Social Science categories.
This book examines how to ensure that the preventive measures are worthwhile and effective, and how people can make decisions individually and collectively at different levels of government.